LENDING POLICY
\lˈɛndɪŋ pˈɒlɪsi], \lˈɛndɪŋ pˈɒlɪsi], \l_ˈɛ_n_d_ɪ_ŋ p_ˈɒ_l_ɪ_s_i]\
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Philosophy, standards, and guidelines of a lending institution's lending approach. Its employees must comply with this approach in granting or refusing a loan request. Must have basis in the country's relevant laws and regulations. Industry or business sector to get approved loans and those avoided are defined in this approach.
By Henry Campbell Black
Nearby Words
- lender of last resort
- lendes
- lending
- lending institution
- lending library
- LENDING POLICY
- lendis
- lendl
- lends
- lene
- lenger