Banking

Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

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Banking > General banking

loan fee

Banking; General banking

A fee charged by a lender to make a loan (in addition to the interest charged to the borrower).

loan modification provision

Banking; General banking

A contractual agreement in a loan that allows the borrower or lender to permanently change one or more of the terms of the original contract.

loan proceeds

Banking; General banking

The net amount of funds that a lending institution disburses under the terms of a loan, and which the borrower then owes.

local check

Banking; General banking

A check payable by, at, or through a bank in the same check processing region as the location of the branch of the depository bank. The depository bank is the bank into which the ...

manufactured home

Banking; General banking

A structure, built on a permanent chassis, transported to a site in one or more sections, and affixed to a permanent foundation. The term does not include recreational vehicles.

mobile home

Banking; General banking

To be eligible for coverage under the National Flood Insurance Program, a mobile home must be on a permanent foundation and meet specific anchoring requirements for it location. ...