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blanket loan
noun
A loan, or mortgage, for multiple subdivisions of a single tract of land.
Exact(3)
But at a meeting of euro-zone finance ministers that ended early Tuesday morning, tensions surfaced on whether nations should give a blanket loan guarantee for the full 440 billion of the new fund.
Despite support for the debt strike from Democratic lawmakers and advocates, the Education Department has resisted demands for blanket loan relief.
A group of former Corinthian students is also staging a student debt "strike," refusing to pay debts owed for Corinthian education until the Department of Education agrees to a blanket loan forgiveness.
Similar(57)
I am totally against blanket student loan forgiveness (other than the forgiveness through volunteerism or certain types of work already in place), but students need to have some level of protection over the long course of repayment.
Factors have a first lien on those cash flows, so factoring arrangements are hard to strike if you have a judgment against your business or if your bank has a blanket lien on your assets to secure a loan.
Nevertheless, Mr. Paulson's decision to push banks and Wall Street firms toward a blanket approach on subprime loans represented a big shift from his previous views and from the Bush administration's hands-off approach to financial markets.
Between blanket liens and asset-based loans that ensure senior creditor at the point of default, and even before, the addition of another layer of indebtedness will not help matters.
For instance, The Mortgage Works imposes a blanket £895 minimum fee regardless of the percentage of the loan being charged.
Some servicers have called for a blanket "safe harbor" provision that would protect them from lawsuits related to loan modifications.
Not so far down the main drag is a strip mall with a jewelry store, a payday loan business and Dirty Laundry, where fluff and fold costs 65 cents a pound and horse blankets are strictly forbidden.
Helicopters, among them two on loan to UNICEF from the Pakistani government, are being used to carry medical kits, blankets, tents, clothing and other essential items to areas unreachable by road.
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