Bank Term Loan

Business, Legal & Accounting Glossary

Definition: Bank Term Loan


Bank Term Loan


Full Definition of Bank Term Loan


A bank loan to a company, with a fixed maturity and often featuring amortization of principal. If this loan is in the form of a line of credit, the funds are drawn down shortly after the agreement is signed. Otherwise, the borrower usually uses the funds from the loan soon after they become available. Bank term loans are very a common kind of lending.


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https://payrollheaven.com/define/bank-term-loan/
Modern Language Association (MLA):
Bank Term Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/bank-term-loan/.
Chicago Manual of Style (CMS):
Bank Term Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bank-term-loan/ (accessed: December 04, 2021).
American Psychological Association (APA):
Bank Term Loan. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-term-loan/

Definition Sources


Definitions for Bank Term Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.