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Banking

Retail Loan

A loan that is extended to individuals (natural persons) rather than institutions (legal persons). Retail loans may include those extended...

Base Interest Rate

The interest rate which is set and used by banks and financial institutions as a basis for determining their lending...

NPL

It stands for non-performing loan; a loan that carries a very high risk of default (100% probability of default), with...

Non-Performing Loan

A loan that carries a very high risk of default (100% probability of default), with the worst credit grade on...

Overnight Interbank Loan

An interbank loan that is extended over a short-term and for an interest rate quoted for overnight lending. It is...

LVR

Loan to value ratio; a ratio that relates the amount borrowed (a loan amount) to the value of the asset...

LTV Ratio

Loan to value ratio; a ratio that relates the amount borrowed (a loan amount) to the value of the asset...

Loan-To-Value Ratio

A ratio that relates the amount borrowed (a loan amount) to the value of the asset used as collateral. It...

Prime Lending Rate

The short-term interest rate that is charged by banks to their most creditworthy, financially sound customers, i.e. customers who have...

Escrow Account

An account that is established by a lender or an intermediary bank to hold separate funds for the purpose of...