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Exact(10)
A C.D.O. is backed by securities that are backed by actual loans.
A C.D.O.-squared is backed by securities that are backed by securities that are backed by actual loans.
And securitization — the packaging of many loans into a single complex financial product — led investors to neglect the quality of the actual loans that were being made.
In other words, rather than reflecting actual loans to banks, the Libor rate submissions can be based on any sort-of-similar transaction, adjusted in whatever way the bank thinks is fair.
Eight years later, no actual loans have been made, and opponents of one nuclear project in Georgia are now arguing that none should be, because the risk of default is too high.
Dr. Chu said he had come into office in January 2009 trying to speed up a loan guarantee process that had been established by a 2005 law, but which had not at that point resulted in any actual loans.
Similar(48)
Instead, a microfinance institution administers the actual loan.
"Make it between them and the bank" on the actual loan.
Bank of America, for example, issues preapprovals only after a borrower's actual loan application has been accepted.
These are not actual loan offers, but rather estimates based on what banks nationwide are charging similar borrowers.
But good luck getting an actual loan, even for a refinancing: banks are responding to applications for refinancing very slowly.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com