Origination Date

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • date of origination
  • loan origination date

Definition of Origination Date

  1. The date on which the loan is funded.

Related Terms and Acronyms

  • Amortized Loan Definition,
    • A loan that is completely paid off, interest and principal, by a series of regular payments that are equal or nearly equal.
  • Origination Fee Definition,
    • The fee a lender charges to process a loan. It usually includes the cost to prepare loan documents, check a borrower's credit history, inspect the property and sometimes conduct an appraisal. CanEquity will in most cases use a lender who doesn't charge this fee or we will cover the cost in full.
  • Mortgage Application Definition, Very Important,
    • A document in which a prospective borrower details his or her financial situation to qualify for a loan.
  • Closing Date (cloda) Abbreviation,
    • The date a buyer takes possession of a property title.
  • Maturity Definition,
    • The date when the principal balance of a loan is due and payable to the lender. Also, the date when a bond pays off its principal.
  • Mortgage Rate Definition, Very Important,
    • The interest rate on a mortgage loan.
    You can compare mortgage rates using this website by clicking 'Rates' above.
  • Loan Origination Definition,
    • The process of applying for a loan and the handling of that application by a lender.
  • Loan Definition,
    • Letting another party use something of value temporarily.
  • Interest (int, IN) Acronym & Abbreviation,
    • Money paid for the use of borrowed funds, usually expressed as an annual percentage.
    Bank account transaction code.
  • Loan Application Definition,
    • A document in which a prospective borrower details his or her financial situation to qualify for a loan.
  • Transaction Date (TRNSDATE) Acronym,
    • The date that goods or services were purchased or the date the cash advance was made.
  • Mortgage (mtg) Abbreviation, Important,
    • A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • Interest Rate (IR) Acronym, Very Important,
    • The rate a lender charges an individual to borrow money.
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