Firm Commitment Lending

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Definition: Firm Commitment Lending

Firm Commitment Lending
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Full Definition of 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.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/firm-commitment-lending/
Modern Language Association (MLA):
Firm Commitment Lending. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/firm-commitment-lending/.
Chicago Manual of Style (CMS):
Firm Commitment Lending. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/firm-commitment-lending/ (accessed: April 20, 2024).
American Psychological Association (APA):
Firm Commitment Lending. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/firm-commitment-lending/

Definition Sources

Definitions for Firm Commitment Lending 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.