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.
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References in periodicals archive ?
The latest deal, backed by prime buy-to-let mortgages, included for the first time loans originated by Mortgage Trust, the former Britannic Money mortgage business that Paragon bought last July for pounds 18.7 million cash.
At the same time loans for house purchase (as opposed to remortgaging) accounted for 48pc of all lending.