by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Loan-To-Value Ratio?How Does the Loan to Value Ratio Work? What is the Loan-To-Value Ratio?The Loan-to-value (LTV) ratio is the ratio of the mortgage amount and the total appraised value of the property. The financial institutions...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
What is Open-End Credit?Open-end credit, also called revolving credit, can be defined as a line of credit that gives the borrower a certain limit of credit and the ability to borrow as little or as much of that money and repay any amount utilized below the set limit...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the London Interbank Mean Rate?How Does London Interbank Mean Rate Work? What is the London Interbank Mean Rate?The London interbank mean rate refers to an interest rate used in the mid-market especially in the interbank markets of...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the Lombard Rate?How Does the Lombard Rate Work? What is the Lombard Rate?The term Lombard rate has been used globally by people in various sectors to refer to the interest rate used by the central bank – Bundesbank. Moreover,...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is a Closed-End Credit?How Does Closed-End Credit Work? What is a Closed-End Credit?Closed-end credit is a kind of loan or credit that involves a complete disbursement of the agreed amount at the time of settlement, with the stipulation...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is the London Interbank Bid Rate?How is the the London Interbank Bid Rate Used? What is the London Interbank Bid Rate?The London Interbank Bid Rate (Libid) is the amount of interest London banks are willing to pay on money borrowed from...
