swaption n.— «“Another thing the county can do which the typical homeowner cannot is change interest rates without repaying the debt and taking out a new loan. This is done through what is sometimes called a swap.” Lancaster County...
most-favored-nations clause n.— «Both the Allison and First Data offerings included what amounts to a buyer’s protection plan against further price cuts on the loans. Under what is known as a most-favored-nations clause, if the banks sell...
scratch and dent loan n.— «The “other” category includes…scratch and dent loans and resecuritizations.» —by Frank J. Fabozzi Handbook of Mortgage-Backed Securities Dec. 21, 2005. (source: Double-Tongued...
scratch and dent loan n. a loan or mortgage that has become a risky debt investment, especially one secured with minimal documentation or made by a borrower who has missed payments. (source: Double-Tongued Dictionary)
tote a note v. phr. to finance a loan; in automobile sales, used attributively to connote dealer-financed loans for used cars. (source: Double-Tongued Dictionary)
conso-loan n.— «All members of the Government Service Insurance System (GSIS) may now avail of the new GSIS loan procedure known as consolidated salary loan otherwise known as conso-loan.» —“Gov’t personnel now enjoy GSIS conso...