What Is a Savings and Loan Association?
A Savings and Loan Association (S&L), also known as a thrift institution, is a financial institution primarily focused on accepting savings deposits and providing mortgage loans. S&Ls…
What Is a Shareholder Loan?
A shareholder loan is a type of financing provided by a shareholder to the company in which they hold equity. Unlike equity contributions, which represent ownership stakes,…
What Is a Rollover Loan?
A rollover loan is a type of loan arrangement where the borrower can extend the repayment period by “rolling over” the loan upon maturity. Instead of repaying…
What Are Intercompany Loans? A Comprehensive Guide with Examples
Intercompany loans are loans made from one entity (the lender) within a corporate group to another entity (the borrower) in the same group. These loans aren’t intended…
Understanding Loan Purpose: Definition, Types, and Examples
Loan purpose refers to the reason or intended use of funds borrowed through a loan. Lenders require borrowers to specify the purpose of the loan to assess…
Different Types of Building Society Loans: A Comprehensive Guide
Building societies are financial institutions that offer a range of banking services, often with a focus on helping members finance property purchases. Established as member-owned cooperatives, building…