Closed Loan Law and Legal Definition
Closed loan refers to a loan for which funds have been disbursed, and all required documentation has been executed, received and reviewed. The total disbursement of a loan is counted as closed loan for statistical purposes.
Legal Definition list
Related Legal Terms
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Allowance for Loan and Lease Losses
- Amortized Loan
- Automatic Premium Loan Option
- Average Agricultural Loan Customer
