Sentences with phrase «secured lending purposes»

The valuer's report was clearly stated to be provided for secured lending purposes and was limited to that purpose.

The rising market in the years prior to 2008 placed a huge demand on surveyors to provide valuations for secured lending purposes, and when the market dropped and many borrowers defaulted, that left valuers as the obvious target for claims by the banks to try to recover their funds.

Not exact matches

The fund invests under normal circumstances at least 80 % of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities.

For the purpose of achieving income, a Fund may lend its portfolio securities, provided (1) the loan is secured continuously by collateral consisting of U.S. Government securities or cash or cash equivalents (cash, U.S. Government securities, negotiable certificates of deposit, bankers» acceptances or letters of credit) maintained on a daily mark - to - market basis in an amount at least