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Advance Rate

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Advance Rate
The percentage of the value of collateral that a lender uses to determine the amount of a loan. For example, if one pledges a collateral worth $10,000, and the advance rate is 90%, the lender will only extend $9000 in credit. This may protect the lender from risks, such as depreciation on the collateral.
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The bonds are likely to offer the firm with an advance rate of around 72 percent on applicable collateral.
Avis subsidiary completes five-year asset-backed bonds by Auto Business News (ABN)
The advance rate is a percentage of your collateral''s value.
How Much Should Independent Retailers Rely on Loans? by Ryan J Bell / Business community
The bank has lowered its prime lending rate, called the benchmark advance rate, to 15.
ICICI Bank cuts prime lending rate by Global Banking News (GBN)
 
 
 
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