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underadvance
un·der·ad·vance (plural un·der·ad·vanc·es)


noun 
Definition:
 
finance loan for less than collateral allows: a loan of an amount less than the percentage of the value of the collateral stipulated in the loan agreement
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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