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LSDefine

Simple English definitions for legal terms

loan participation

Read a random definition: quoad

A quick definition of loan participation:

Loan participation is when many lenders work together to give a big loan to one borrower. This helps to lower the risk for each lender.

A more thorough explanation:

Definition: Loan participation is when multiple lenders collaborate to provide a large loan, known as a participation loan, to a single borrower. This helps to reduce the risk for each lender.

Example: Let's say a borrower needs a loan of $1 million. Instead of one lender providing the entire amount, five lenders each contribute $200,000 to create a participation loan. This way, if the borrower defaults on the loan, each lender only loses $200,000 instead of the full $1 million.

Explanation: Loan participation is a way for lenders to spread out the risk of lending money to a borrower. By collaborating and pooling their resources, lenders can provide larger loans to borrowers who may not be able to secure the full amount from a single lender. This also benefits the borrower, as they have access to more funds and potentially better loan terms.

loanland | loan ratio

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17:38
Very humbling
17:38
Bro NYU plz 🙏
17:38
On god bro 💀
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I
17:38
I rly want NYU too bro
17:39
Lowkey same… lowk regret not applying ED
17:39
I think ED there hurts ur chances
PleasantLoneBluejay
17:39
Sounds like you have a spare Cornell A that you do not want!
17:39
Fr?
PleasantLoneBluejay
17:39
I will gladly borrow it ;)
17:39
Yeah fr
17:39
Tbh I’m leaning Cornell cuz of scholly tho…
17:42
U don’t think we’ll get Berk scholarships?
17:42
Why not negotiate
17:42
When are people getting Berk scholarship info? This month right?
@Deadpreciousmonkey could also be yield protection?
17:43
February yeah
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@sadpadresfan: I like your list of updates
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17:44
Yeah speaking of the update list, u need to add mich
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UMich WL 🔥
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Lol
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Harvard R 🔥
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🔥 🔥 🔥 LFGGGG
RoaldDahl
17:45
columbia R 🔥🔥🔥
wait did georgetown release decisions today??
and @homelesscuteimpala i am loving this idea and choosing to believe it
lmaooo I put it in the wrong chat
all good, getting the reassuring message twice made me feel better : )
HAHA
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