TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

loan flipping [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2008-04-09

English

Subject field(s)
  • Loans
DEF

The practice of refinancing a loan frequently over a short time while charging the borrower fees for each transaction.

French

Domaine(s)
  • Prêts et emprunts
DEF

Pratique financière abusive selon laquelle un prêteur refinance plusieurs fois un prêt sur une période relativement courte, souvent à un taux d'intérêt supérieur au taux du prêt refinancé, et moyennant des commissions et des frais additionnels élevés.

OBS

Cette pratique ne présente aucun avantage pour l'emprunteur, érode le capital qu'il détient et rapporte beaucoup au prêteur.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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