0 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Discounted Loan

A loan note that is sold before its maturity at a price that is less than the outstanding principal balance of the note at the time of sale.

Also, an amount deducted in advance by the lender from the nominal or stated principal amount of a loan that is a cost to the borrower for obtaining the loan.

NEXT: Down Payment