Business / Debt / Unsecured Loan: An unsecured loan is a loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher interest rate than a secured loan.
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Loan Verb Synonyms: advance, allowance, credit, accommodation
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Business / Loan / Home Equity Loan: A loan made to a current homeowner that is secured by the equity in the home. MORE
Business / Debt / Secured Loan: A loan which is backed up by assets belonging to the borrower (normally property) in order to decrease the risk taken on by the lender. Mortgages and some personal loans are secured loans. If you don' MORE
Business / Real Estate / Package Loan: A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances. MORE
Business / Finance / Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds. MORE
Business / Real Estate / Portfolio Loan: A loan originated and maintained by the lender and not sold in the secondary mortgage market. MORE
Business / Finance / Policy Loan: A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy. MORE