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They should not be confused with Letters of credit which require certain trigger events before funding is needed. Increasingly, originating lending institutions are selling Senior loans and related funded or unfunded commitments to institutional investors like Investment management firms, mutual funds and insurance companies.
Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...
A rapid deployment force (RDF) is a military formation that is capable of fast deployment outside their country's borders. They typically consist of well-trained military units (special forces, paratroopers, marines, etc.) that can be deployed fairly quickly or on short notice, usually from other major assets and without requiring a large organized support force immediately.
RRF may refer to: Raptor Research Foundation, US based ornithological organization; Ready Reserve Force, A fleet of reserve ships to be used by the Military Sealift Command when activated; Rapid reaction force, a military or police emergency unit; Royal Regiment of Fusiliers, an infantry regiment of the British Army
Cover letters are used in connection with many business documents such as loan applications (mortgage loan), contract drafts and proposals, and executed documents. While the resume outlines the professional journey, a cover letter allows the applicant convey their personality, passion, and potential contributions to the prospective employer.
P-PIP has two primary programs. The Legacy Loans Program will attempt to buy residential loans from bank's balance sheets. The Federal Deposit Insurance Corporation (FDIC) will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the ...
RRT or Rrt may refer to: Radio Reconnaissance Platoon; Railroad Tycoon (series) Rainbow Round Table; Rapidly exploring random tree; Reference Rendering Transform (Academy Color Encoding System) Registered Respiratory Therapist; Renal replacement therapy; Randomized response technique; Rational root theorem in mathematics; Refugee Review ...
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. . While the terms "S&L" and "thrift" are mainly used in the United States, similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings b