dealer loan

Dealer loan

Overnight, collateralized loan from a money market bank made to a dealer financing his position by borrowing.

Dealer Loan

A loan to a dealer by a bank. Dealers take out dealer loans in order to finance inventory for their trades. Dealer loans are payable in 24 hours of receipt, and must carry collateral.

dealer loan

A short-term secured bank loan to a security dealer for the purpose of financing inventory.
References in periodicals archive ?
2 billion in Chrysler lease and dealer loan originations facilitated for an affiliate.
If you do take a dealer loan, you might decide on traditional hire purchase, making monthly payments until the price plus interest is paid off.
700,000,000 auto dealer loan asset backed notes 'AAAsf'; Outlook Stable.
2 billion in Chrysler leases originated for our own portfolio, and approximately $604 million in Chrysler lease and dealer loan originations facilitated for an affiliate.
2bn in Chrysler leases originated for the company's own portfolio, and approximately USD595m in Chrysler lease and dealer loan originations facilitated for an affiliate.
Credit unions must monitor volume fluctuations, credit quality distribution, lifecycle yields, early payoffs, first payment defaults, finance director portfolio performance, and underwriter and dealer loan pools," Cochrum said.
If you're in a dealership buying a new car, you might end up going with the dealer loan if you find it too difficult to apply for a loan from your smartphone.
He is also frequently engaged by lenders to facilitate loan origination and dealer loan workouts.
This increase reflects collections costs related to the indirect auto dealer loan portfolio and investments in people, systems and facilities to provide the platform for future asset and revenue growth.
Each secured loan entered into by DCAT is fully supported by a Caterpillar Financial Services Corporation (CFSC; rated at 'A/F1'; Stable Outlook) in the form of a dealer loan purchase agreement, which covers for the full and timely payment of maturing CP.
However, we look to the Senate now to close the controversial auto dealer loan loophole.