Refinancing — may refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent… … Wikipedia
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
refinancing cliff — USA Market term used for the looming over demand for bank loan refinancings by borrowers. It is called a cliff because many of the loans entered into during the busy years of 2005 2007 are due to mature around the same time (2012 2014). After the … Law dictionary
refinancing — England, Wales Paying off an existing loan or loans by taking a new loan or loans, usually on different terms. It is often part of a restructuring of a company s business. + refinancing the process of amending or replacing the financing in place… … Law dictionary
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
Loan servicing — is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the firm and the… … Wikipedia
refinancing — An extension and/or increase in amount of existing debt. Bloomberg Financial Dictionary * * * refinance re‧fi‧nance [ˌriːˈfaɪnæns, fɪˈnæns] verb [transitive] FINANCE to replace one loan with another one, usually at a lower rate of interest: •… … Financial and business terms
refinancing — /ri: faɪnænsɪŋ/ noun ♦ refinancing of a loan the act of taking out a new loan to pay back a previous loan ▪▪▪ ‘…the refinancing consisted of a two for five rights issue, which took place in September this year, to offer 55.8m shares at 2p and… … Dictionary of banking and finance
Refinancing risk — In banking and finance, refinancing risk is the possibility that a borrower cannot refinance by borrowing to repay existing debt. Many types of commercial lending incorporate bullet payments at the point of final maturity; often, the intention or … Wikipedia
refinancing — The process of repaying some or all of the loan capital of a firm by obtaining fresh loans, usually at a lower rate of interest … Big dictionary of business and management
