When a Portion of a Loan Is Sold from a Large

question 61

True/False

When a portion of a loan is sold from a large bank to a small bank, it is often called a participation.

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Definitions:

Philanthropic Nonprofit Organizations

Entities dedicated to advancing welfare or social causes without the intent of making a profit for their owners or shareholders.

Purely Philanthropic

Activities or initiatives completely driven by a desire to promote the welfare of others, typically characterized by voluntary financial donations without expectation of any return.

Third Sector

A term used to describe the segment of society that encompasses nonprofit organizations, charities, and voluntary groups which operate independently from the government and the private sector.

Tax-Exempt Sector

Part of the economy made up of organizations that are exempt from paying federal and/or state income taxes, typically including charities, religious organizations, and other nonprofits.