Loans Flashcards
credit that is always available to the user
overdraft
a loan granted on the basis of a collateral, eg gold or art objects
lombard loan
a loan that is secured by a lien on real estate
mortgage loan
a loan intended for the purchase, construction, adaptation, arrangement and furnishing of real estate
housing loan
a non-purpose loan that is intended to bridge liquidity problems
cash loan
the loan that is the most expensive and interest rate can be in double digits
credit card loan
owned by the client, but held by the bank until the loan is repaid
the object of the lombard loan
insurance policy, promissory note and/or co-indebtedness, time deposit, housing savings, shares in money funds, life insurance policy
credit insurance instruments
the subject of consumer lending
durable consumer goods of higher value
the risk to which credit institutions are exposed in their operations
credit risk
the user’s employment, salary, orderliness of business, creditworthiness, years of life, loan insurance instruments
the basis of credit approval
the maturity of the loan is longer than 10 years, often from 20 to 30 years
housing loan
legal procedure of registering a lien on real estate
intabulation
“emergency loans”
lombard loan
permanent financing - there is no final loan repayment period
overdraft
