Definition of senior bank loan

What is a senior bank loan? A senior bank loan is a debt financing obligation issued to a company by a bank or similar financial institution, then repackaged and sold to investors. The repackaged debt instrument consists of…

Mortgage interest rate only

Many people think of interest-only mortgages the same way they think of the dodo bird. Exotic - and extinct. But this particular kind of mortgage still roams the Earth - and its numbers are increasing. Interest-only home loans are one of…