Definitions for "Rollover loan"
A loan that is renewed at an established time at current market interest rates.
a type of mortgage loan, commonly used in Canada, in which the amortization of principal is based on a long term but the interest rate is established for a much shorter term. The loan may be extended, or rolled over, at the end of the shorter term at the current market interest rate.
A loan with a call date that is earlier than the usual amortization period.