Rollover Loan Law and Legal Definition
The term Rollover Loan means a loan that is amortized over a long period of time but the interest rate is fixed for a short period. For instance, the loan may be for 30 years, but the interest may be fixed for a shorter duration like five years. The loan may be extended or rolled over, at the end of the shorter term, based on the terms of the loan.
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
