- consolidation loan
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a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period.
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Universalium. 2010.
consolidation loan
Look at other dictionaries:
consolidation loan — loan created by merging which several separate loans into one … English contemporary dictionary
consolidation loan — a loan made in order to consolidate several debts into one loan, usually for the purpose of reducing the monthly payments by extending them over a longer time period … Useful english dictionary
consolidation loan — A loan that is used to combine and finance payments on other loans. Bloomberg Financial Dictionary … Financial and business terms
debt consolidation loan — ➔ loan1 … Financial and business terms
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
Consolidation — may refer to: Consolidation (business), the mergers or acquisitions of many smaller companies into much larger ones Consolidation (soil), a geological process whereby a soil decreases in volume Consolidation (media), consolidation of United… … Wikipedia
loan consolidation — Combining a number of loans into a single new loan. Consolidation typically extends the repayment period, lowers the monthly payments, and thereby increases the interest the borrower will have to pay over the life of the consolidated loan.… … Law dictionary
consolidation — [ kɔ̃sɔlidasjɔ̃ ] n. f. • 1314 « cicatrisation »; de consolider 1 ♦ (1694) Action de consolider, de rendre plus solide. ⇒ affermissement, renfort, réparation, stabilisation. Consolidation d un mur, d un ciel de mine. ♢ (1754) Méd. Rapprochement… … Encyclopédie Universelle
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
