Rollover loan

Rollover loan – in the Finance Law, this legal term refers to a given loan for certain period, which is burdened with an interest once the deadline for repayment expires. The goal is to ensure the debtor that the interest won’t exceed certain amount, resp. the whole amount to be paid back will be in clear sum. In other words, via such rollover loan, the borrower may delay repayment, but only against some fee (or interest) to creditors.

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