The modification of loan terms that grants eligibility to borrowers with very limited financial strength. The term ‘non-conventional’ is used an indication of the tools employed to modify the loan terms and not as a reference to the financial institutions.
Link to This DefinitionDid you find this definition of NON-CONVENTIONAL FINANCE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary