Flexible Loan Financial Glossary

What is it? A loan that allows you to borrow up to an agreed amount, so that you can increase or decrease the loan depending on how much money you need from time to time.

Finance Term Definition Added By: Patrick

Send To Friends!

If you'd like to send the Flexible Loan definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Flexible Loan. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term EGM is Extraordinary General Meeting. A meeting of shareholders to discuss and approve special matters proposed by the directors, such as approval of a take-over, or major acquisition.

Financial Term Commitment is An agreement, often in writing, between a lender and a borrower to loan money at a future date subject to compliance with stated conditions.

Financial Term Preferred Stock is A class of stock that generally pays dividends at a set rate, and is given preference with regard to the payment of dividends and the distribution of corporate assets in the event of liquidation. Preferred stock generally does not have voting rights.

Financial Term Earnest Money is A deposit paid up front as part of a purchase price, to demonstrate good faith on the part of the buyer.

Financial Term Cover Note is A temporary certificate confirming that an insurance policy is in force.