No Ratio Loan

Business, Legal & Accounting Glossary

Definition: No Ratio Loan


No Ratio Loan


Full Definition of No Ratio Loan


A documentation specification in which the income of the borrower is revealed and confirmed but is not used in the process of qualifying the applicant. Income and expense, the common maximum ratios, are not used in this situation.


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https://payrollheaven.com/define/no-ratio-loan/
Modern Language Association (MLA):
No Ratio Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/no-ratio-loan/.
Chicago Manual of Style (CMS):
No Ratio Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/no-ratio-loan/ (accessed: March 29, 2024).
American Psychological Association (APA):
No Ratio Loan. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/no-ratio-loan/

Definition Sources


Definitions for No Ratio 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: 20th November, 2021 | 0 Views.