Banking

A loan sale is a sale, often by a bank, under contract of all or part of the cash stream from a specific loan, thereby removing the loan...

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one...

In finance, a surety /ˈʃʊərɪtiː/, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults....

A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults....

A loan agreement (also known as a lending agreement) is a contract between a borrower and a lender which regulates the mutual promises made by...

In finance, leverage (or gearing in the United Kingdom and Australia) is any technique involving borrowing funds to buy things, estimating that future profits will be many times more...

Legal financing (also known as litigation financing, professional funding, settlement funding, third-party funding, third-party litigation funding (TPLF), legal funding, lawsuit loans and, in England and Wales, litigation funding) is the mechanism...

A PIK, or payment in kind, is a type of high-risk loan or bond that allows borrowers to pay interest with additional debt, rather than cash. That makes...

In finance, negative amortization (also known as NegAm, deferred interest or graduated payment mortgage) occurs whenever the loan payment for any period is less than the interest...

A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to...

An interest-only loan is a loan in which the borrower pays only the interest for some or all of the term, with the principal balance unchanged...

List of best Microfinance Institutions in Kenya. Microfinance Institutions offer small (micro) loans to customers who can not access conventional...