SIGNATURE LOAN
Signature loan is also referred to as ‘good faith loan’ or ‘character loan’. It is a kind of loan that banks and other financial institutions offer wherein only the signature and the promise to pay from the borrower are the collateral. In most cases, this kind of loan evoke a higher interest rate as it provides no actual collateral. It may be used in any situation the borrower sees viable.
POPULAR TERMS
Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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