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LSDefine

Simple English definitions for legal terms

loan certificate

Read a random definition: Venire facias de novo

A quick definition of loan certificate:

A loan certificate is a special piece of paper that a group called a clearinghouse gives to a bank when the bank needs to borrow money. The certificate is worth a certain percentage of the value of the things the bank has put up as security. It's like a promise that the bank will pay back the money it borrowed.

A more thorough explanation:

A loan certificate is a document issued by a clearinghouse to a bank that has deposited collateral with the clearinghouse's loan committee. The certificate represents a loan in an amount equal to a specified percentage of the value of the collateral.

For example, if a bank has deposited $100,000 worth of collateral with a clearinghouse, and the clearinghouse issues a loan certificate for 80% of the value of the collateral, the bank would receive a loan certificate for $80,000.

The bank can then use the loan certificate as collateral to obtain additional funding from other sources, such as other banks or investors.

Loan certificates are commonly used in the financial industry to provide liquidity to banks and other financial institutions.

loan-brokerage fee | loan commitment

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this election has the potential to push america further into ultranationalist populism
Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
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