Time Loan


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Time Loan

A loan that must be repaid by a certain, stated date. For example, a time loan's terms may state that all interest and principal must be repaid within six months.
References in periodicals archive ?
com reduces the amount of time loan officers spend on searching for the best product for their borrowers, helping to accelerate the closing process.
He has also agreed to extend the deadline by which time loans to BIHL either have to be paid or converted into shares, to December 31, 2016.
At the same time loans rose by e1/4281 million reaching a total of e1/472.
At the same time loans taken by Mr FitzPatrick's wife and three children with Anglo were repaid.
As a result, the number of first time loans at the end of 2008 had fallen nearly 50 per cent in Scotland since the previous year.