Retail Loan definition

Retail Loan means a loan arising from a retail sale of consumer goods in a purchase transaction by a retail merchant.
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Retail Loan means any loan (or participation interest therein) or similar contract between Bank Partner and an Obligor pursuant to which Bank Partner makes a consumer loan to such Obligor for the retail purchase of Merchandise to an Obligor pursuant to the applicable Retail Loan Agreements, including all rights under any and all security documents or supporting obligations related thereto, including the applicable Retail Loan Agreement and the rights with respect to the Merchandise related thereto.
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Retail Loan means a loan repaid on the basis of fixed monthly instalments of equal amounts throughout the term of the loan, up to and including maturity.
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Examples of Retail Loan in a sentence

  • After the commencement of the Geely Holding Retail Financing Business, Genius AFC will enter into individual Geely Holding Retail Loan Agreements and Geely Retail Loan Agreements with the Geely Retail Customers respectively.

  • The terms of the XXXX & CO Retail Loan Agreements (including, among other things, pricing, loan term, credit limits, etc.) are consistent with the terms of the XXXX & CO Finance Cooperation Agreement as disclosed above.

  • In practice, XXXX & CO Sales will provide subsidies to the XXXX & CO Dealers who enter into the XXXX & CO Wholesale Facility Agreements with Genius AFC for the XXXX & CO Wholesale Financing and the XXXX & CO Dealers who enter into the XXXX & CO Retail Loan Cooperation Agreements with Genius AFC for the benefits of the retail borrowers in the XXXX & CO Retail Financing, subject to the final assessment of the market situation (e.g. sales performance of the XXXX & CO-branded vehicles) by XXXX & CO Sales.

  • Genius AFC will enter into the Fengsheng Retail Loan Agreements with the Fengsheng Retail Customers for the Fengsheng Retail Financing Business.

  • Pursuant to the Geely Holding Retail Loan Cooperation Agreements, Genius AFC will further enter into the Geely Holding Retail Loan Agreement with the Geely Retail Customers, pursuant to which Genius AFC will provide vehicle financing to such retail customers to facilitate their purchase of Geely Holding-Owned Brands Vehicles.

  • Under the XXXX & CO Wholesale Facility Agreement and the XXXX & CO Retail Loan Agreement, acceptable securities may include security deposits, security over the XXXX & CO Dealers’ or XXXX & CO Retail Customers’ vehicles and/or other types of guarantees.

  • For the XXXX & CO Retail Financing, during the term of the XXXX & CO Finance Cooperation Agreement, Genius AFC would further enter into the XXXX & CO Retail Loan Agreements with the XXXX & CO Retail Customers, pursuant to which Genius AFC will provide vehicle financing to such XXXX & CO Retail Customers to facilitate their purchase of XXXX & CO-branded vehicles.

  • Pursuant to the XXXX & CO Retail Loan Cooperation Agreements to be entered into between Genius AFC and the XXXX & CO Dealers, the XXXX & CO Dealers shall recommend their retail customers (i.e. the XXXX & CO Retail Customers) to use Genius AFC for the obtaining of vehicle loans to finance their purchase of XXXX & CO-branded vehicles.

  • Under the individual Geely Holding Retail Loan Agreement, acceptable securities may include security over the dealers’ and the retail customers’ vehicles and/or different types of guarantees.

  • Under the terms of the Fengsheng Finance Cooperation Agreement, Genius AFC will enter into the Fengsheng Retail Loan Cooperation Agreement with the Fengsheng Dealers, pursuant to which such dealers shall recommend their retail customers to use Genius AFC for the obtaining of vehicle loans to finance their purchase of Maple-Branded Vehicles.


More Definitions of Retail Loan

Retail Loan or “Loan” means an eligible Retail Loan, which is in force and not in arrears at the time of enrolment, with an amortisation period no greater than 84 months.
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Retail Loan means a loan provided by a bank to a natural person regardless of whether it is secured or designated for a specific purpose; it does not include credit card facilities, current account overdrafts, or business loans for individuals. The term 'loan' in this Recommendation is to be understood to mean 'retail loan' unless otherwise stated;
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Related to Retail Loan

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Commercial loan means a loan that is not made primarily for

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Federal loan means a loan made by an agency. The term does not include loan guarantee or loan insurance.

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • CD Loan means (i) a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election or (ii) an overdue amount which was a CD Loan immediately before it became overdue.

  • Conventional Loan A Mortgage Loan that is not insured by the United States Federal Housing Administration or guaranteed by the United States Department of Veterans Affairs.

  • Educational loan means a loan made by the authority to an institution.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Home Equity Loan means a loan or funded or unfunded portions of a line of credit secured by a mortgage on a one-to four-family residences or stock of cooperative housing association, where the Failed Bank did not have a first lien on the same property as collateral.

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Initial Loan is defined in Section 2.1.

  • FHA Loan A Mortgage Loan which is the subject of an FHA Insurance Contract as evidenced by a Mortgage Insurance Certificate.

  • Refinance Loan Any Mortgage Loan the proceeds of which are used to refinance an Original Mortgage Loan.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Substitute Loan A mortgage loan substituted for a Deleted Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding principal balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of the Scheduled Principal Balance of the Deleted Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Interest Rate not less than (and not more than one percentage point in excess of) the Mortgage Interest Rate of the Deleted Loan, (iii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Loan, (iv) have the same Due Date as the Due Date on the Deleted Loan, (v) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Loan as of such date, (vi) have a risk grading at least equal to the risk grading assigned on the Deleted Loan, (vii) is a “qualified mortgage” as defined in the REMIC Provisions and (viii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Interest Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Interest Rates, the terms described in clause (iii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (v) hereof shall be satisfied as to each such Substitute Loan, the risk gradings described in clause (vi) hereof shall be satisfied as to each such Substitute Loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clauses (vii) and (viii) hereof must be satisfied as to each Substitute Loan or in the aggregate, as the case may be.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Additional Loan means the Eligible Loans evidenced by a Note or Notes sold from time to time during the Supplemental Purchase Period pursuant to an Additional Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • PACE Loan means (x) any “Property-Assessed Clean Energy loan” or (y) any other indebtedness, without regard to the name given to such indebtedness, which is (i) incurred for improvements to the Property for the purpose of increasing energy efficiency, increasing use of renewable energy sources, resource conservation, or a combination of the foregoing, and (ii) repaid through multi-year assessments against the Property.