seasoned loan

Seasoned Loan

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.

seasoned loan

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.

References in periodicals archive ?
Freddie Mac today announced its second Freddie Mac Seasoned Loan Structured Transaction (SLST) -- via an auction of 1,262 seasoned re-performing loans (RPL) and moderately delinquent loans serviced by Select Portfolio Servicing, Inc.
United States : Freddie Mac Completes Second RPL Structured Sale of SLST Program
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