ONTOLOGY EXPLORER
motor vehicle loan
<https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansSpecific/ConsumerLoans/MotorVehicleLoan>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "motor vehicle loan"@en |
| subClassOf | CollateralizedLoan |
| subClassOf | SecuredConsumerLoan |
| subClassOf | _:c14n2396 |
| definition | "collateralized, simple-interest loan that is repaid in monthly installments over a period of typically three to five years, for the purpose of purchasing a vehicle"@en |
| adaptedFrom | "12 CFR § 228.12, https://www.law.cornell.edu/cfr/text/12/228.12"@en |
| explanatoryNote | "Many lenders will only approve auto loans for vehicles (i.e., cars, trucks) that are a certain age (typically 5 years or less) due to depreciation of the value of the vehicle. Because an auto loan is a 'secured' type of loan, the vehicle that is being financed is used as collateral (i.e. if the borrower fails to repay the loan, the vehicle may be seized by the lender)."@en |
| synonym | "auto loan"@en |