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Definitions (135)

1

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504 community development loan program


SBA program combining Government-guaranteed loans with private-sector mortgage loans to provide loans of up to $10 million for community development.
Source: treasury.gov

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7(a) program


SBA loan program guaranteeing a percentage of loans for small businesses that cannot otherwise obtain conventional loans at reason­able terms.
Source: treasury.gov

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amortization schedule


A complete schedule of periodic blended loan payments, showing the amount of principal and the amount of interest in each payment so that the loan will be paid off over a certain time period.
Source: treasury.gov

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an asset-backed security


A type of financial security that is very similar in structure to a mortgage backed security (see definition below), but is backed by a pool of consumer loans and generally does not include mortgage l [..]
Source: treasury.gov

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asset coverage test


A requirement that the total assets of a PPIF be proportionally larger than total debt. In the case of PPIP, the asset coverage ratio is calculated as: ([the market value of the assets held by the PPI [..]
Source: treasury.gov

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asset crossing


Buying or selling assets from affiliates, either directly or through third parties.
Source: treasury.gov

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asset flipping


Buying securities with the intention of reselling these assets in the short term.
Source: treasury.gov

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asset guarantee program


Established under section 102 of EESA, allows the Department of the Treasury assume a loss position with specified attachment and detachment points on certain assets held by the qualifying financial i [..]
Source: treasury.gov

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asset-backed securities


A tradable security backed by a pool of loans, leases, or any other cash-flow producing assets.
Source: treasury.gov

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back-end debt-to-income ratio


Indicates the percentage of an income that is used to pay debts.
Source: treasury.gov


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