Borrower
The party borrowing money from a Lender. (CREFC, CRE Glossary of Terms, EU Version)
The party borrowing money from a Lender. (CREFC, CRE Glossary of Terms, EU Version)
Contractual breaches or other events the occurrence of which gives the lender the right to demand a full and immediate repayment of the loan (subject to cure rights). These are def ...
The percentage rate charged by a Lender which includes the reference rate (e.g. LIBOR / EURIBOR / SONIA) plus a margin.
The amount of Loan attributed to a particular portion of the underlying collateral, usually a single property within a portfolio of underlying assets.
The annualized rate of repayment, usually expressed in % terms, of a Loan's outstanding principal balance.
A form of risk management which entails managing assets and cash flows to satisfy liabilities.
The party that has created a loan asset or group of assets by extending credit to one or more creditors.
The party that purchases an asset or group of assets from an asset originator. (Asset purchaser also refers to investors in mortgage-backed securities).
A security issued as part of a securitisation, which is backed by a portfolio assets, which may or may not be income generating.
Typically an assignment is an agreement to transfer all of the rights (but not the obligations) under a contract to a new lender evidenced by an assignment agreement. The specific ...