B/C Loan

Business, Legal & Accounting Glossary

Definition: B/C Loan

B/C Loan

Full Definition of B/C Loan

Classification of financing provided to customers with low credit qualifications. B/C Loans have higher interest rates than loans provided to better-credit customers, because the lender is shouldering more of the risk with low credit customers. Customers obtaining a B/C Loan can use it to rebuild or establish a better credit score by making payments on time.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
B/C Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/b-c-loan/.
Chicago Manual of Style (CMS):
B/C Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/b-c-loan/ (accessed: December 01, 2022).
American Psychological Association (APA):
B/C Loan. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/b-c-loan/

Definition Sources

Definitions for B/C Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.