Loan Consolidation

   

Definition: Loan Consolidation is a process in which one loan is taken out to pay off many others.
This is typically done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.
Also called debt consolidation.


   

   

More on loan consolidation.
More on financial management: Accounts Receivable Factoring, Credit Management, Credit Rating, Customer Profitability Analysis, Debt Settlement, more...



   

MBA Brief offers brief, yet very accurate definitions of MBA concepts, frameworks, methods and models. We keep it short and provide some links in case you'd like to learn more around a subject.




© 2020 MBA Brief - Last updated: 20-10-2020  -  Privacy   |   Terms