Coterminous Definition.

A coterminous loan is a loan where the maturity date is the same as the final maturity date of the underlying security. This type of loan is often used in the context of a margin loan, where the loan is used to purchase securities.

What is a supplemental mortgage Loan? A supplemental mortgage loan is a loan that is taken out in addition to the primary mortgage loan. The supplemental loan is usually used to cover some of the costs associated with the purchase of the property, such as the down payment, closing costs, or repairs. What is another word for coterminous? The word "coterminous" can also be used as a synonym for "coincident" or "coextensive." What is co terminus warranty? A co-terminus warranty is a type of loan guarantee which states that the warranty will end when the loan is paid off. This type of warranty is often used by lenders to protect themselves in case the borrower defaults on the loan. What are co terminal vectors? Co-terminal vectors are vectors that share the same endpoint. In other words, they have the same magnitude and direction but their starting points may be different. What is coterminous sentence? A coterminous sentence is a sentence that is served concurrently with another sentence. This means that the prisoner serves both sentences at the same time, rather than one after the other.