A loan that has been out for at least a year in which the borrower has a good payment history. This is considered a sign that the loan is unlikely to default. They may therefore command higher prices on the secondary market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A loan that has been paid on time for a sufficient amount of time to give a lender the reasonable belief that it will continue in a like manner.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.