Renewal
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- A form of extending an unpaid loan in which the borrower's remaining unpaid loan balance is carried over (renewed) into a new loan at the beginning of the next financing period.
The Office of the Comptroller of the Currency - Cite This Source - This Definition - Guaranteed student loan, Home Equity Loan, Loan contract, Loan fee, Loan modification provision, Loan proceeds, Loan-to-value ratio (LTV), Payday Loans, Private Mortgage Insurance (PMI), Redlining, Right of rescission, Student loan
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