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 ?

All the signs in the housing market seem to be pointing the right way, except the amount of time loans are spending in the foreclosure process.

Estimating the Impact of fast-tracking foreclosures in Ohio and Pennsylvania: all the signs in the housing market seem to be pointing the right way, except the amount of time loans are spending in the foreclosure process. Foreclosure fast-tracks for vacant homes in foreclosure may help reverse that trend

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.

Paragon seals its biggest deal

At the same time loans for house purchase (as opposed to remortgaging) accounted for 48pc of all lending.