Definitions for "Direct Loan"
A loan between a bank and its customer that does not involve a third party, such as a broker.
A disbursement of funds by the Government to a non-Federal borrower under a contract that requires repayment of such funds with or without interest. The term includes the purchase of, or participation in, a loan made by a non-Federal lender. The term also includes the sale of a Government asset on credit terms of more than 90 days duration. The term does not include the acquisition of Federally guaranteed non-Federal loans in satisfaction of default or other guarantee claims or the price-support loans of the Commodity Credit Corporation.
Officially named the William D. Ford Federal Direct Loan Program. Under the Direct Loan Program, the funds for the student loan come directly from the federal government. Generally known as Stafford Loans (for students) and PLUS Loans (for parents).
Taxable income after all allowable deductions are made, such as IRA deductions, moving expenses, self-employment taxes and health insurance, Keogh retirement plans, and alimony paid.
a mortgage made directly by AHFC's Rural Housing Division
an extension of credit by Ex-Im Bank to a foreign borrower