Floor loan is mostly associated with
mortgageand property loans.
It is the minimum amount of money a lender is willing to provide on a commercial loan for a
buildingthat is to be tenant-occupied. This loan is progressively funded as the building is constructed and occupied.
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Floor Loan — In real estate construction, the minimum loan that a lender agrees to advance in order to enable the builder to commence construction and development of a project. Floor loans apply to buildings that will be occupied by tenants. For example, a… … Investment dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
floor — A lower limit for a variable, such as the lower limit on an interest rate paid or received in a transaction. For example, an adjustable rate loan may have a floor of 5 percent. In that example, the rate can adjust however loan terms provide, but… … Financial and business terms
Floor — The lowest acceptable limit as restricted by controlling parties. Floors can be established for a number of factors, including prices, wages, interest rates, underwriting standards and bonds. Some types of floors, such as underwriting floors, act … Investment dictionary
floor planning — noun : a system of financed wholesale purchasing of expensive items (as automobiles or major electrical appliances) whereby a retailer stocks his sales floor with a minimal outlay of cash * * * a system of financing that permits a dealer to… … Useful english dictionary
floor planning — a system of financing that permits a dealer to borrow money to buy goods, which become the security for the loan that is repaid when the merchandise is sold. Also called floor plan financing. * * * … Universalium
floor plan lending — noun Also known as wholesale lending, a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral … Wiktionary
floor — The minimum interest rate on a loan, as set in advance by the lender. Compare: cap See also: collar … Accounting dictionary
floor plan financing — Arrangement for the lending of money to an automobile dealer, or other supplier of goods, so that he may purchase cars, or other articles, to include in his inventory; the loan being secured by the automobiles or other goods while in the dealer s … Black's law dictionary
Interest Rate Floor — An over the counter investment instrument that protects the floor buyer from losses resulting from a decrease in interest rates. The floor seller compensates the buyer with a payoff when the reference interest rate falls below the floor s strike… … Investment dictionary