Terms with Tag Loan

  • No Payments/No Interest (NPNI)Acronym,
    • Non-Performing (NP)Acronym,
        As in a note or mortgage loan.
      • Non-Performing Loan (NPL)Acronym,
        • A mortgage loan that is in default or where the debtor is delinquent in making payments.
      • Ontario Student Loan Plan (OSLP)Acronym, Ottawa, Ontario, Canada,
        • Owner Will Finance (OWF)Acronym,
          • Part-Time Canada Student Loan (PTCSL)Acronym, Canada,
            • Personal Homeowner Loan (PHL)Acronym,
              • Personal Line of Credit (PLC)Acronym,
                • Personal Loan Agreement (PLA)Acronym, Important,
                  • When a small amount of money is involved, an IOU or signed promise may be written between parties stating the terms and timeframe needed to pay back a loan.
                  See IOU.
                • Predatory Lending (PL) Acronym, Important,
                  • Lending practices that are unfair, deceptive or fraudulent.
                • Prime Lending Rate (PLR) Acronym, Very Important,
                  • The rate of interest charged on loans by chartered banks to their most creditworthy customers.
                  Bank of Canada's prime (best) lending rate.
                • Prime Term Lending Rate (PTLR)Acronym,
                  • Principal and Interest (P&I, PI) Acronym,
                    • Acronym for the elements of a mortgage payment: principal and interest.
                  • Principal, Interest and Taxes (PIT) Acronym, Important,
                    • Principal, interest and taxes. The components of a monthly mortgage payment.
                  • Promissory Note (PN) Acronym,
                    • A written promise to repay a loan by a specified time.
                  • Purchase Line of Credit (PLOC)Acronym,
                    • Rapid Information Loan Operating System (RILOS)Acronym,
                      • Redeemable Convertible Unsecured Loan Stocks (RCULS)Acronym,
                        • Redeemable Unsecured Loan Stock (RULS)Acronym,
                          • Remaining Interest-Only Period (RIOP)Acronym,
                            • Repossess (REPO)Acronym,
                              • Retail Prime Lending Rate (RPLR)Acronym,
                                • Reverse Annuity Mortgage (RAM)Acronym, Important,
                                  • Revision of Terms (ROT)Acronym,
                                    • Revolving Line of Credit (RLOC) Acronym,
                                      • An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. Most credit cards offer revolving credit.
                                    • Risk Based Net Worth (RBNW)Acronym,
                                      • Risk-Based Pricing (RBP)Acronym,
                                        • Ruminant Slaughter Loan Loss Reserve Program (RSLLRP)Acronym, Quebec, Canada,
                                            Program has been suspended due to exhausted funding and met objectives.
                                          • Secured Line of Credit (SLC)Acronym,
                                            • Seller Finance Option (SFIN)Acronym,
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