A bank loan, also known as a bank advance, is a specified sum of money lent by a bank to a customer for a specific period at a specified rate of interest.
A Charges Register or Register of Charges is a formal record of all charges (encumbrances or liens) that a company has granted over its assets, often required by law to be maintained. It includes details of secured loans and other financial obligations which creditors have claims to.
Collateralize refers to the action of pledging assets to secure a debt in the USA. If the borrower defaults on the terms and conditions of the agreement, the pledged assets will be forfeited.
Limited recourse financing, also known as project financing, involves securing loans or investments based on the projected earnings and assets of the specific project rather than the borrower's overall assets.
The Lombard Rate refers to the interest rate at which the German central bank, the Bundesbank, lends to German commercial banks, typically ½% above the discount rate. It can also refer to the interest rate charged by a European commercial bank on loans secured by marketable assets.
Senior capital refers to the financial contributions in the form of secured loans provided to a company, which are prioritized for repayment before other types of financial claims during liquidation.
