eligible lender

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• Lender of last resort — A lender of last resort (LOLR) is an institution willing to extend credit when no one else will.OriginOriginally the term referred to a reserve financial institution that secured other banks or eligible institutions, as a last resort; most often… …   Wikipedia

• Lender Of Last Resort — An institution, usually a country s central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse. In the U.S. the Federal Reserve acts as the… …   Investment dictionary

• eligible paper — 1) Treasury bills, short dated gilts, and any first class security, accepted by a British bank or an accepting house and thus acceptable by the Bank of England for rediscounting, or as security for loans to discount houses. The Bank of England s… …   Accounting dictionary

• eligible paper — 1) Treasury bills, short dated gilts, and any first class security, accepted by a British bank or an accepting house and thus acceptable by the Bank of England for rediscounting, or as security for loans to discount houses. The Bank of England s… …   Big dictionary of business and management

• eligible accounts — Receivables that are acceptable to the lender for the purpose of making advances to the borrower under a line of credit with an advance formula. The criteria for determining the eligibility of accounts must be set forth in the loan documentation …   Financial and business terms

• lender of last resort — noun Finance 1. a central bank in its capacity to make loans to banks and other eligible institutions in emergency circumstances such as a systemic crisis in the banking system. 2. a financing organisation which will make loans to borrowers who… …  

• mortgage lender — UK US noun [C] FINANCE ► a bank or other financial organization that lends money to buyers of houses and other property: »The nation s largest mortgage lender has said about 82,000 of its borrowers will be eligible for assistance …   Financial and business terms

• Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

• Home Affordable Modification Program — The Home Affordable Modification Program, also known as HAMP, is a federal program of the United States, set up to help eligible home owners with loan modifications on their home mortgage debt. It is being set up in the context of the ongoing… …   Wikipedia

• Mortgage modification — is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). In general, any loan can be modified. Contents 1 Background 2 Types of… …   Wikipedia

• Student loans in the United States — While included in the term financial aid higher education loans differ from scholarships and grants in that they must be paid back. They come in several varieties in the United States:*Federal student loans made to students directly: No payments… …   Wikipedia