conversion loan

Then, when you were fully in control, the bank would make conversion loans.

The institute has received 1 billion rubles in state conversion loans to develop 24 ideas for new products.

These deficits, on top of the Conversion Loan and the accompanying expansion in the money supply of some $1,300 millions, pushed interest rates up sharply.

Until now, Wall Street investment firms have issued their own condo conversion loans but have not sold them on the secondary market as mortgage-backed securities.

The cost of getting a reverse mortgage from a private sector lender may exceed the costs of other types of mortgage or equity conversion loans.

Aside from its adverse effects on future government financing and the bond market in general, the Conversion Loan was condemned by many experts on straight economic grounds.

It also manages some residual operations relating to the National Debt including donations and bequests and the 3.5 per cent Conversion Loan Sinking Fund.

One Toronto firm - Saunders Cameron Limited -withdrew from the operation, because it felt that to sell the Conversion Loan bonds would amount to misleading its clients.

Another result of the Conversion Loan was that government bonds, which had traditionally been regarded as the most stable of investments, took on some of the characteristics of unstable mining stocks.

Its loan portfolio primarily comprised commercial real estate loans, including condominium construction and condominium conversion loans; commercial loans; and residential real estate loans.

The Conversion Loan (which had been advocated by Coyne) had enabled the Bank of Canada to resort to tight money without having to worry about the mass Of 1959- 1962 Victory Bonds falling in.

Until your bank offers CD conversion loans, it makes perfect economic sense to submit to the tyranny of the Top 40 and replace a dozen worn Elvis Costello albums with a single compact disk promising only his "Greatest Hits."

THE CONVERSION LOAN OF 1958: The largest refinancing operation in Canadian history was the Conversion Loan, involving nearly half the country's total outstanding debt.

Although the Conversion Loan was touted as a means of allowing the Bank of Canada to tighten the nation's money supply, between June and October 1958 the money supply was expanded by more than a billion dollars-an unprecedented peacetime rise for such a short period.

Its high interest rates and its effect in extending the term of the national debt certainly were anti-inflationary, but the chief inflationary threat had been created by the deficit - largest since World War 11 - in the budget brought down by Diefenbaker's government just a few weeks before the announcement of the Conversion Loan.