Meaning REDUCTION-OPTION LOAN (ROL): A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually allowed if rates drop more than 2% in a year
More terms such as Reduction-Option Loan (ROL) in Dictionary R.
- Definition Red-Lining:
- Examples discrimination in making loans, insurance coverage, or other financial services available to people or property in certain areas because of poor economic conditions, high levels of fraudulent reduction-option loan (rol) definition.
- Definition Rubber Check:
- Examples A check that bounces for lack of funds reduction-option loan (rol) explain.
- Definition Restricted Stock:
- Examples traded in compliance with special SEC regulations concerning its purchase and resale. These restrictions generally result from affiliate ownership, M;A activity, and underwriting activity reduction-option loan (rol) what is.
- Definition Retail Price:
- Examples The total price charged for a product sold to a customer, which includes the manufacturer's cost plus a retail markup reduction-option loan (rol) meaning.
- Definition Release Clause:
- Examples A mortgage provision that releases a pledged asset after a certain portion of the total payments has been made reduction-option loan (rol) abbreviation.
