Debt consolidation

The replacement of Multiple loans with a Single loan, often with a lower monthly payment and a longer repayment period. also called Consolidation loan.

Related Terms: 13 Call, Consol, Consolidation loan, Consolidation, Long, Loan, Low, Multiple, NSO, Owe, Placement, Single, Tip

Other Related Pages: Category: Lending_and_Credit Starting With: D

Additional Related Terms: 52-week low, Average collection period, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call, All-risks coverage, At risk