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Social Science Categories
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| Definition Of: |
SECONDARY MARKET
Institutions that buy loans from lenders, usually at a discount. This practice provides more capital for lenders to make additional loans. If a loan is sold, the secondary market is responsible for managing and servicing it. The sale of a loan does not affect the borrower since the terms of the loan remain the same.
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Petersons Dictionary of Financial Aid Terms INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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