Firm commitment lending

A formal Offer by a Lender making explicit the Terms under which it agrees to Lend money to a borrower over a certain period of time. also called standby loan Commitment or Commitment letter or Loan commitment.

Related Terms: 13 Borrow, Call, Commitment, Commitment letter, Lend, Lender, Loan, Money, Offer, Owe, Standby loan commitment, Term, Terms

Other Related Pages: Category: Lending_and_Credit Starting With: F

Additional Related Terms: 10-K, Allowance for depreciation, Average collection period, Accrual of discount, Amortization of premium, All or any part, At call, Active money, All-risks coverage, Add-on service