Loan & advances

Loan & advances

A broad section of the banking industry which deals with all aspects of the business of borrowing and lending money.

Industry: Banking

Add a new term

Contributors in Loan & advances

Become a Contributors

Loan & advances

advance

Banking; Loan & advances

An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance for goods or services, while the balance included in the invoice will only follow the ...

alphabet facilities

Banking; Loan & advances

A loan facility where different tranches of the loan are repayable at different times.

aval

Banking; Loan & advances

Aval (or endorsement)is a joint commitment to payment of an obligation in favor of the creditor or beneficiary. It is granted by a third party, in case the principal debtor does not fulfil the ...

negotiable instrument

Banking; Loan & advances

A negotiable instrument is a document guaranteeing the payment of a specific amount of money. Cheques or promissory notes are common examples.

Retail banking is when a bank execute transactions directly with consumers, rather than corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal ...

mortgage loan

Banking; Loan & advances

A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan.

credit loan

Banking; Loan & advances

Credit loans are loans that are given as credit from creditor to debtor who has to pay month installments on interest, and funds of loan are usually credited to one's account to cash on same day.