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dealer loan |
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Dealer loan Overnight, collateralized loan from a money market bank made to a dealer financing his position by borrowing.
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| Other examples would include finance company bankruptcy, accompanied by a servicing disruption; significant dealer defaults and collateral that is sold out of trust (SOT), or a case where the vehicle is sold but sales proceeds are not used to repay the dealer loan. A first quarter increase of the dealer loan portfolio of 15 percent to $18. The affirmation follows a breach of the terms and conditions of the program documents as contained in the dealer loan purchase agreement. |
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