Category: L

Definition The Markit LCDX is a credit default swap index that represents the credit risk of 100 large, North American companies with high-yield or speculative-grade

Definition Loan grading is a classification system that financial institutions use to assess the credit risk associated with a loan. It involves assigning a risk

Definition A Loan Participation Note (LPN) is a type of financial instrument that allows multiple investors to participate in a loan. Essentially, the primary lender

Definition Loan Modification is a change made to the terms of an existing loan by a lender as a result of a borrower’s long-term inability

Definition A Loan Officer is a professional who works at financial institutions, such as banks and credit unions, assisting clients with loan applications. They evaluate,

Definition A Loan Production Office (LPO) is a branch of a bank or other financial institution that focuses specifically on the processing, underwriting, and originating

Definition A loan lock, also known as a rate lock or mortgage rate lock, is a lender’s promise to hold a certain interest rate and

Definition Loan Life Coverage Ratio (LLCR) is a financial metric used to estimate the ability of a company to pay back its outstanding loans. Specifically,

Definition A Loan Loss Provision is a financial concept that refers to the money set aside by banks or lending institutions to cover potential defaults

Definition A loan note is a type of contract that documents a legal obligation to repay borrowed money with interest at a specific future date.