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Description of Average Loan Officer Salary
Averageav•er•age (av′ər ij, av′rij),USA pronunciation n., adj., v., -aged, -ag•ing.
- a quantity, rating, or the like that represents or approximates an arithmetic mean: Her golf average is in the 90s. My average in science has gone from B to C this semester.
- a typical amount, rate, degree, etc.;
- See arithmetic mean.
- a quantity intermediate to a set of quantities.
- a charge paid by the master of a ship for such services as pilotage or towage.
- an expense, partial loss, or damage to a ship or cargo.
- the incidence of such an expense or loss to the owners or their insurers.
- an equitable apportionment among all the interested parties of such an expense or loss. Cf. general average, particular average.
- on the or an average, usually;
typically: She can read 50 pages an hour, on the average.
- of or pertaining to an average;
estimated by average;
forming an average: The average rainfall there is 180 inches.
ordinary: The average secretary couldn't handle such a workload. His grades were nothing special, only average.
- to find an average value for (a variable quantity);
reduce to a mean: We averaged the price of milk in five neighborhood stores.
- (of a variable quantity) to have as its arithmetic mean: Wheat averages 56 pounds to a bushel.
- to do or have on the average: He averages seven hours of sleep a night.
- to have or show an average: to average as expected.
- average down, to purchase more of a security or commodity at a lower price to reduce the average cost of one's holdings.
- average out:
- to come out of a security or commodity transaction with a profit or without a loss.
- to reach an average or other figure: His taxes should average out to about a fifth of his income.
- average up, to purchase more of a security or commodity at a higher price to take advantage of a contemplated further rise in prices.
Loanloan1 (lōn),USA pronunciation n.
- the act of lending;
a grant of the temporary use of something: the loan of a book.
- something lent or furnished on condition of being returned, esp. a sum of money lent at interest: a $1000 loan at 10 percent interest.
- on loan:
- borrowed for temporary use: How many books can I have on loan from the library at one time?
- temporarily provided or released by one's regular employer, superior, or owner for use by another: Our best actor is on loan to another movie studio for two films.
- to make a loan of;
lend: Will you loan me your umbrella?
- to lend (money) at interest.
- to make a loan or loans;
Officerof•fi•cer (ô′fə sər, of′ə-),USA pronunciation n.
- a person who holds a position of rank or authority in the army, navy, air force, or any similar organization, esp. one who holds a commission.
- a member of a police department or a constable.
- a person licensed to take full or partial responsibility for the operation of a merchant ship or other large civilian ship; a master or mate.
- a person appointed or elected to some position of responsibility or authority in the government, a corporation, a society, etc.
- (in some honorary orders) a member of any rank except the lowest.
- [Obs.]an agent.
- to furnish with officers.
- to command or direct as an officer does.
- to direct, conduct, or manage.
Salarysal•a•ry (sal′ə rē),USA pronunciation n., pl. -ries.
- a fixed compensation periodically paid to a person for regular work or services.