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P&G Fights for Cash Amid $2 Trillion U.S. Borrowings (Update2) - BloombergJan. 7 (Bloomberg) -- Procter & Gamble Co., the world’s largest consumer products manufacturer, and luxury automaker Daimler AG may pay hundreds of millions more in annual interest this year as they prepare to refinance debt with borrowing costs at ...
Corporate report - Herald TribuneVisteon Corp. -- The automotive supplier said Friday it would shift more than 2,000 workers to a four-day week and cut their pay by 20 percent as tight credit and collapsing sales cause huge industry losses. The moves will begin on Monday and affect ...
Corporate Britain's refinancing timebomb - Times OnlineCORPORATE BRITAIN is facing a refinancing timebomb this year as more than £50 billion of bank debt expires during the biggest credit crunch in global history. The soaring cost of capital and the paucity of available debt financing will squeeze even ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
View all Terms