HomeDefinitionsCompareDebt Day loanThe financial definition for Day loan:A loan from a bank to a broker prior to the delivery of securities. Upon the delivery of the securities, a day loan becomes a regular broker call loan for which securities serve as collateral. Similar MatchesBi weekly mortgage loanBi weekly mortgage loanA mortgage loan on which mortgage and mortgage payments are made every half-month (total of 26 payments) as opposed to monthly payments. This results in earlier loan mortgage. Broker loan rateBroker loan rateRelated: Call money rate. Builder buydown loanBuilder buydown loanA mortgage loan on newly developed property that the builder subsidizes during the early years of the development. The builder uses cash to buy down the mortgage rate to a lower level than the prevailing mortgage loan rate for some period of time. The typical mortgage is 3% of the interest rate amount for the first year, 2% for the second year, and 1% for the third year (also referred to as a 3-2-1 buydown). Further SuggestionsBullet loanCall loan Call loan rate Commercial loan Conforming loans Consolidation loan Construction loan Click to compare definitions of Day loan Click to view definitions beginning da |