Business, Legal & Accounting Glossary
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.
You need to make sure that you are doing everything you agreed on when you decided to make a loan commitment.
Once the loan commitment was finalized, the new business owner signed the lease for the office space that he would be working from.
The loan commitment from Bank of America ensured that my business would have funds available for use when the perfect location was found for our new restaurant.
standby loan commitment
commitment letter
firm commitment lending
standby loan commitment
takedown
credit
proceeds of loan escrow
commitment fee
investor fallout
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.
Definitions for Loan Commitment are sourced/syndicated and enhanced from:
This glossary post was last updated: 5th November, 2021 | 0 Views.