horseÂ·shoe. n. 1. A flat U-shaped metal plate fitted and nailed to the bottom of a horse's hoof for protection. 2. A U-shaped object similar to a horseshoe. 3. horseshoes (used with a sing. verb) A game in which players toss horseshoes or horseshoe-shaped metal pieces at a stake so as to encircle it or come closer to it than the other players.
What is the 'Loan-To-Value Ratio - LTV Ratio'. The loan-to-value ratio (LTV ratio) is a lending risk assessment ratio that financial institutions and others lenders examine before approving a mortgage.
Purchase Transaction â the borrower is not the owner of record of the lot at the time of loan application: The LTV ratio is calculated by dividing the loan amount of the construction-to-permanent financing by the lesser of: purchase price (sum of the cost of construction and the sales price of the lot), or.