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Banking

HEL

An abbreviation for home equity loan; a type of high risk loan which is designed to facilitate lending secured by...

Legal Interest

The interest (interest rate) that represents the highest interest rate that a bank or financial institution can legally charge on...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...

Interest-Only Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Secured Loan

A loan that is guaranteed by collateral and therefore has often lower interest rates than otherwise an identical, but unsecured,...

Bullet Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Straight-Term Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Non-Transactional Deposit Account

A deposit account that does not allow funds to be withdrawn or transferred to third parties using some means of...

Nontransactional Deposit Account

A deposit account that does not allow funds to be withdrawn or transferred to third parties using some means of...

Nontransaction Deposit

A deposit that cannot to be withdrawn or transferred to third parties using some means of instruction (such as checks,...