Tooltip Categories: Economics & Finance

loan default

A default on a loan or contract occurs when the borrower fails to meet the specifications of the contract, the legal duty required by the

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loan officer

Employee of a microfinance institution that manages a portfolio of loans customers (credit application evaluation, monitoring, recoveries,..).

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loan repayment plan

A procedure according to which a loan´s capital and interest would be return. The borrower and the lender can negotiate and agree the terms for

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liquid asset

A type of asset that can be easily converted into cash with minimal impact to the price received. Liquid assets are generally regarded in the

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liquid cash

Liquid cash represents the most fluid asset a company can own. These items can include cash, demand deposits, time and savings deposits and short-term saving

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liquidity

A measure of the extent to which a person or organization has cash to meet immediate and short-term obligations, or assets that can be quickly

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listed company

A corporation whose stock trades on one of the seven U.S. stock exchanges. (source: http://www.investorwords.com/15094/listed_company.html#ixzz2Yjxe7eLC)

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litigation

The process of taking legal action. https://www.lexico.com/en/definition/litigation

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bank loan

A written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to

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loan agreement

Formal document that evidences a loan. It may also include negative and positive covenants, type and value of the collateral pledged, guaranties, financial reporting requirements,

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