hangout

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(hăng'out') pronunciation
n. Slang
A frequently visited place.


Remaining balance of a loan when the term of a loan is beyond the term of the lease. For example a lender offers a 30-year loan on property that is leased to Big Buy Foods for the next 25 years.
In 25 years the loan balance will be $100,000, which is the hangout.
The lender estimates that the land value in 25 years will greatly exceed $100,000, so concern for the hangout is minimized.

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The remaining balance of a loan when the term of the loan is beyond the term of a lease.


Example: A lender offers a 30-year loan on property that is leased to Big Buy Foods for the next 25 years. In 25 years the loan balance will be $100,000, which is the hangout. The lender estimates that the land value in 25 years will greatly exceed $100,000, so concern for the hangout is minimized.

Previous:Handyman’s Special, Handy Whitman Index
Next:Hard Sell, Hazard Insurance

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