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What does LOL stand for?

LOL stands for Life of Loan (banking)

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of LOL

Other Resources:
We have 69 other definitions for LOL in our Acronym Attic

Samples in periodicals archive:

Previously a subscription service, the improved version, now known as Life of Loan Association Surveillance (LOLAS[TM]), is a valuable safe guard when originating loans or modifying existing mortgages by virtue of warning servicers of potential defaults before mortgage payments are actually missed.
Require Life of Loan Accounting: Requires the servicer to send to the borrower at the time it sends the notice of default a life of loan accounting, including an accounting of all payments with application and running balances, an itemization and description of all fees charged and the like.
While many lenders have chosen to sell their loans outright to the DOE, Student Lending Works has chosen the latter and depending on what happens in the capital markets in the coming months, Student Lending Works hopes that it can repurchase the rights to those loans in order to offer life of loan customer service for those borrowers.