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Lender's/your name and address, who henceforth in this document or any other document or communication in due course in reference to this contract shall be referred to as the 'lender'. Wholesale banking is a term used for banks, which offer services to other corporate entities, large institutions and other financial institutions. This loan agreement template is a basic format that includes some of those elements that are common for most of the loan types. Double-cycle Billing: Double-cycle billing, or 'two-cycle billing', is a method employed for calculating finance charges. Account Condition: It refers to the present status of an account, but does not indicate the history of the account, i.e., the previous transactions that led to the current state. Loan Type: Loans can be of various types, such as home, personal, home equity, and auto loans. Paid Accounts: Accounts that have been paid satisfactorily, either on due date or after being delinquent. A comaker is also known as 'guarantor' or 'consigner', while the act of signing the loan document along with the borrower is known as consign. It is not an account from where you may use money for everyday purposes. It can involve taking a loan at a low or minimal interest rate and depositing it in savings account that gives a higher rate of interest.

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The fall in the price of real property left most consumers with negative home equity. The interest accrual rate is a percentage of interest that is calculated on the basis of the rate of interest and is expressed in terms of annual percentage rate or APO. Debt-to-limit Ratio: Debt-to-limit ratio is commonly known as 'credit utilization ratio' or simply 'utilization ratio', as it compares the amount of credit that is utilized to the total available credit. Bounced Check: A check which is not payable due to the lack of sufficient funds in the account on which it was drawn, which a bank returns without honouring. Moreover, a firm that does not have a long operating history will find it difficult to procure unsecured personal loans and lines of credit. If bankruptcy is granted by the court, it is known as involuntary bankruptcy. Private lenders, banks, and financial institutions have come up with this facility, which has a working mechanism that is fast and is suited for the requirements of the pupil community. Zero coupon yield curve is also known as spot yield curve, and is used to determine discount factors. Repossession: The act of taking possession of the property offered as collateral by the borrower.