Broker's Loan

Also found in: Dictionary/thesaurus, Encyclopedia

0.01 sec.

Broker's Loan

A loan to a broker or brokerage by a bank. Brokers take out broker's loans usually to fund margin accounts for their clients, but also to fund underwriting purchases. Occasionally, brokerages borrow these loans to buy securities for themselves as well. Broker's loans are payable on 24 hours notice, and carry interest rates that are about one point higher than short-term rates. See also: Broker call loan.

broker's loan

Funds borrowed by a broker, mainly from banks, for various purposes including a call loan for purchases of securities on margin, an underwriter's purchase of a new security issue for resale, or a specialist's inventory of securities. Also called general loan and collateral agreement.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Broker Loan Rate Brokers' Loans Call Loan Call Loan Rate Call Money Rate General Loan and Collateral Agreement Rehypothecation Segregation of Securities Tasso d'interesse sul prestito all'intermediario			The OneFee pricing tool allows a broker's loan officers to quickly and easily provide each consumer with a personalized OneFee package, providing a rate and fee that are guaranteed at the time of rate lock, according to InterFirst. Interfirst reaches broker packaging milestones. (Business Alert) by Mortgage Banking BrokerWatch compares a broker's loan risk to other brokers, and assesses the risk of the broker's loans submitted at a given lender compared to those submitted to other lenders in BasePoint's consortium of over 12 million loans. Comergence(TM) Partners with BasePoint(TM) to Improve Risk Detection ... by Business Wire Any broker or lender could quickly recite the limitations of faxed rate sheets: lost faxes, outdated rates, difficulty managing midday rate changes, no way to distribute to reps in the field, no intelligent adjustments, no integration with the broker's loan origination system and the fact that rate locks take time and manual work via phone and fax. Broker Technology by TRAGESER, JACK; WU, BEN / Mortgage Banking			Broad-Based Index Broad-Based Weighted Average Broadband Broadbanding Broadcast Adjacency Broadcast Advertisers Reports Broadcast Advertising Adjacency Broadcast Media Broadcast Music, Inc. Broadcaster Broadside Brochure Brochureware Broken Date Broken Up broker Broker Association Broker Call Loan Broker Comparison Broker ITS Broker Loan Rate Broker of Record broker price opinion Broker Recommendations Broker's Call Broker's Loan Broker-Dealer broker-in-charge brokerage Brokerage Account Brokerage Department Brokerage Firm Brokerage General Agent Brokerage Supervisor Brokerage Window Brokered CD Brokered Deposit Brokered Market Brokers' Loans Bronzing Brookings Institution broom clean Brought Over the Wall Brown Goods Brownfield Brownfield Investment brownfields brownstone Browser BRR Brunei Dollar			Broker Price Opinions Broker Price Opinions Broker Property Description Language Broker Rating Broker Ratings Broker Reciprocity Broker Recommendation Broker Recommendations Broker's call Broker's Calls Broker's Commission Broker's Commission Broker's Commission Broker's Commission Broker's Commission Broker's Commissions Broker's Commissions Broker's Commissions Broker's Commissions Broker's Commissions Broker's Fee Broker's Fee Broker's Fee Broker's Fee Broker's Fee Broker's Fees Broker's Fees Broker's Fees Broker's Fees Broker's Fees Broker's Loan Broker's Loans Broker's Opinion of Value Broker's Opinion of Values Broker's Price Opinion broker-dealer broker-dealer Broker-Dealer Trading System Broker-Dealer Withdrawal broker-dealers broker-dealers broker-in-charge Broker-in-Charge Annual Review Broker’s Opinion of Value brokerage brokerage brokerage brokerage brokerage brokerage account brokerage account Brokerage Accounts Brokerage Accounts Brokerage Allowance Brokerage Allowance Brokerage Allowance Brokerage Allowance Brokerage Allowance Brokerage Allowances Brokerage Allowances Brokerage Allowances

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.