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A
Loan
in which the borrower has the
Option
to renew the
Loan
upon
Maturity
.
Related Terms: 5
Borrow
,
Loan
,
Maturity
,
Option
,
Owe
Other Related Pages:
Category: Lending_and_Credit
Starting With: R
Additional Related Terms:
At par
,
All or any part
,
At best
,
At call
,
At risk
,
Add-on service
,
Action to quiet title
,
As is
,
Assignment to creditors
,
Attorney in fact