Liquidated Loan definition: Copy, customize and use instantly
Introduction
The term "Liquidated Loan" refers to a loan that has been fully settled, with all outstanding principal, interest, and any applicable fees or charges paid in full. Once the loan is liquidated, no further obligations remain between the borrower and lender, effectively closing the loan. This term is often used in situations where the loan has been resolved through regular payments, debt settlement, or asset liquidation.
Below are various examples of how "Liquidated Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Liquidated Loan" for loan settlement
This definition ties "Liquidated Loan" to loan settlement.
"Liquidated Loan" means a loan for which all principal, interest, and associated fees have been paid, and the lender has formally closed the account.
Definition of "Liquidated Loan" for full repayment
This definition connects "Liquidated Loan" to full repayment.
"Liquidated Loan" refers to a loan that has been fully repaid, including any outstanding interest and penalties, resulting in the termination of the debt obligation.
Definition of "Liquidated Loan" for final payment
This definition links "Liquidated Loan" to final payment.
"Liquidated Loan" means a loan where the final payment has been made, effectively clearing the debt and releasing any remaining claims from the lender.
Definition of "Liquidated Loan" for contractual closure
This definition applies "Liquidated Loan" to contractual closure.
"Liquidated Loan" refers to a loan agreement that has been completed and closed following the full settlement of all terms and conditions under the contract.
Definition of "Liquidated Loan" for default resolution
This definition ties "Liquidated Loan" to default resolution.
"Liquidated Loan" means a loan that has been settled, either through full repayment or through a default resolution process, resulting in the closure of the loan account.
Definition of "Liquidated Loan" for business liquidation
This definition connects "Liquidated Loan" to business liquidation.
"Liquidated Loan" refers to a loan associated with the liquidation process of a business, where the debt is repaid using the proceeds from the liquidation of assets.
Definition of "Liquidated Loan" for foreclosure
This definition links "Liquidated Loan" to foreclosure.
"Liquidated Loan" means a loan that has been settled through the foreclosure process, where the lender has recovered the owed amount by selling the secured property.
Definition of "Liquidated Loan" for early settlement
This definition applies "Liquidated Loan" to early settlement.
"Liquidated Loan" refers to a loan that has been fully repaid before the scheduled maturity date, leading to the closure of the debt.
Definition of "Liquidated Loan" for final debt extinguishment
This definition ties "Liquidated Loan" to final debt extinguishment.
"Liquidated Loan" means a loan that has been fully extinguished, with all balances cleared and no further obligation remaining from the borrower.
Definition of "Liquidated Loan" for debt recovery
This definition connects "Liquidated Loan" to debt recovery.
"Liquidated Loan" refers to a loan where the lender has recovered the entire debt amount through agreed-upon means, including payments, asset sales, or other settlement methods.
Definition of "Liquidated Loan" for bankruptcy proceedings
This definition links "Liquidated Loan" to bankruptcy proceedings.
"Liquidated Loan" means a loan that has been settled during bankruptcy proceedings, where the debtor's assets are sold to pay off the loan balance.
Definition of "Liquidated Loan" for collection
This definition applies "Liquidated Loan" to collection.
"Liquidated Loan" refers to a loan that has been resolved through the collection process, where the outstanding amount has been paid in full or through an agreed-upon settlement.
Definition of "Liquidated Loan" for debt agreement fulfillment
This definition ties "Liquidated Loan" to debt agreement fulfillment.
"Liquidated Loan" means a loan where all terms of the debt agreement, including payment of the principal, interest, and fees, have been fully met, concluding the loan contract.
Definition of "Liquidated Loan" for loan clearance
This definition connects "Liquidated Loan" to loan clearance.
"Liquidated Loan" refers to a loan that has been cleared of all outstanding amounts, leaving no balance due to the lender.
Definition of "Liquidated Loan" for debt discharge
This definition links "Liquidated Loan" to debt discharge.
"Liquidated Loan" means a loan that has been discharged, either by full repayment or through a legal settlement process, resulting in the discharge of the debtor's obligations.
Definition of "Liquidated Loan" for secured loan repayment
This definition applies "Liquidated Loan" to secured loan repayment.
"Liquidated Loan" refers to a secured loan that has been paid off in full, with the lender relinquishing the collateral due to the settlement of the debt.
Definition of "Liquidated Loan" for post-default settlement
This definition ties "Liquidated Loan" to post-default settlement.
"Liquidated Loan" means a loan that has been settled after a default, with the debt either paid in full or resolved through an alternative settlement method.
Definition of "Liquidated Loan" for debt finalization
This definition connects "Liquidated Loan" to debt finalization.
"Liquidated Loan" refers to a loan that has been finalized with no further payments required, having been fully paid off or resolved through negotiation.
Definition of "Liquidated Loan" for loan forgiveness
This definition links "Liquidated Loan" to loan forgiveness.
"Liquidated Loan" means a loan that has been forgiven or written off after full or partial settlement, concluding the debtor's liability to the lender.
Definition of "Liquidated Loan" for equity conversion
This definition applies "Liquidated Loan" to equity conversion.
"Liquidated Loan" refers to a loan that has been converted into equity or another form of financial instrument, settling the loan obligation in this manner.
Definition of "Liquidated Loan" for asset liquidation
This definition ties "Liquidated Loan" to asset liquidation.
"Liquidated Loan" means a loan where the outstanding debt is paid off through the liquidation of assets, effectively closing the loan account.
Definition of "Liquidated Loan" for loan closure
This definition connects "Liquidated Loan" to loan closure.
"Liquidated Loan" refers to a loan that has been closed after all obligations, including principal, interest, and other fees, have been fully settled.
Definition of "Liquidated Loan" for settlement by legal action
This definition links "Liquidated Loan" to settlement by legal action.
"Liquidated Loan" means a loan that has been settled through legal proceedings, resulting in the full repayment of the debt or a court-ordered resolution.
Definition of "Liquidated Loan" for financial reporting
This definition applies "Liquidated Loan" to financial reporting.
"Liquidated Loan" refers to a loan that is no longer reflected in the financial statements as an outstanding liability due to its full repayment or settlement.
Definition of "Liquidated Loan" for repayment with interest
This definition ties "Liquidated Loan" to repayment with interest.
"Liquidated Loan" means a loan that has been repaid in full, including any accumulated interest and fees, resulting in the closure of the loan account.
Definition of "Liquidated Loan" for debt restructuring
This definition connects "Liquidated Loan" to debt restructuring.
"Liquidated Loan" refers to a loan that has been resolved or settled through a restructuring process, where the terms have been altered and the debt obligation completed.
Definition of "Liquidated Loan" for voluntary closure
This definition links "Liquidated Loan" to voluntary closure.
"Liquidated Loan" means a loan that has been voluntarily repaid by the borrower, with all amounts owed cleared, thus concluding the loan agreement.
Definition of "Liquidated Loan" for final settlement
This definition applies "Liquidated Loan" to final settlement.
"Liquidated Loan" refers to a loan that has been finally settled, either by full payment or through a final settlement agreement, with no further obligations.
Definition of "Liquidated Loan" for settled obligations
This definition ties "Liquidated Loan" to settled obligations.
"Liquidated Loan" means a loan where all obligations, including interest and principal, have been settled, and the lender has closed the account.
Definition of "Liquidated Loan" for paid-in-full loan
This definition connects "Liquidated Loan" to a paid-in-full loan.
"Liquidated Loan" refers to a loan that has been paid in full, and the lender acknowledges the closure of the loan account with no remaining balances.
Definition of "Liquidated Loan" for extinguished debt
This definition links "Liquidated Loan" to extinguished debt.
"Liquidated Loan" means a loan that has been extinguished, where the borrower no longer has any further obligation to the lender following complete repayment.
Definition of "Liquidated Loan" for full obligation completion
This definition applies "Liquidated Loan" to full obligation completion.
"Liquidated Loan" refers to a loan that has had all terms and obligations fully completed and satisfied, with the loan account formally closed.
Definition of "Liquidated Loan" for interest and principal repayment
This definition ties "Liquidated Loan" to interest and principal repayment.
"Liquidated Loan" means a loan for which both the principal amount and interest have been fully repaid, resulting in the termination of the loan agreement.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.