A raw land loan is a loan that is used to help finance the purchase of undeveloped, or raw, land. Such land has no form of infrastructure on it that can be used as collateral. Land loans in general are riskier for lenders because the owner of the land can decide to leave the lender [...]
A loan commitment is a written legal document or formal offer by a lender explicitly stating the terms under which it agrees to lend money to a borrower. Such a commitment usually delineates the particular piece of real estate or other asset that the money will be loaned for, a specific time period in which [...]
A forward commitment is made pledge made when a security is bought or sold at an agreed on price, but the payment is not made and the actual transfer of ownership are not made until later. A forward commitment is made between parties in a legally-binding agreement and it only applies to commercial loans and [...]
Heavy equipment leasing is one way to finance heavy equipment—the other being using a loan for the equipment—and can either be done through a finance lease or a true lease. In a true lease, the payments on the equipment lease are lower than with a finance lease, and the term of the loan is usually [...]
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