MLchartDataset catalogue

Loan consolidation

Term · Law · MLC-T-LAW-003085

The process of combining multiple existing loans into a single new loan, often with a lower interest rate, a longer repayment period, or a single monthly payment. This can simplify debt management and potentially reduce the total amount paid over time. Student loans are frequently consolidated.

Table 1. Record
IdentifierMLC-T-LAW-003085
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003085",
  "term": "Loan consolidation",
  "field": "Law",
  "definition": "The process of combining multiple existing loans into a single new loan, often with a lower interest rate, a longer repayment period, or a single monthly payment. This can simplify debt management and potentially reduce the total amount paid over time. Student loans are frequently consolidated.",
  "url": "https://mlchart.com/terminology/law/loan-consolidation/"
}

Record 3,046 of 5,441 in Law terminology (MLC-0107). Request the full dataset.