Loan Strip

Business, Legal & Accounting Glossary

Definition: Loan Strip


Loan Strip


Full Definition of Loan Strip


The sale or credit advance of a portion of a long-term loan for a short period of time. An example of this type of transaction would be when an individual is allowed to borrow a portion of a 5-year credit line for a period of 60 days.


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
https://payrollheaven.com/define/loan-strip/
Modern Language Association (MLA):
Loan Strip. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/loan-strip/.
Chicago Manual of Style (CMS):
Loan Strip. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/loan-strip/ (accessed: March 28, 2024).
American Psychological Association (APA):
Loan Strip. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/loan-strip/

Definition Sources


Definitions for Loan Strip 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: 20th November, 2021 | 0 Views.