Standby Loan Commitment

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Definition: Standby Loan Commitment

Standby Loan Commitment
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Full Definition of Standby Loan Commitment

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 firm commitment lending. also called loan commitment.

Cite Term

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/standby-loan-commitment/
Modern Language Association (MLA):
Standby Loan Commitment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 13, 2025 https://payrollheaven.com/define/standby-loan-commitment/.
Chicago Manual of Style (CMS):
Standby Loan Commitment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/standby-loan-commitment/ (accessed: March 13, 2025).
American Psychological Association (APA):
Standby Loan Commitment. PayrollHeaven.com. Retrieved March 13, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/standby-loan-commitment/

Definition Sources

Definitions for Standby Loan Commitment 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: 16th November, 2021 | 0 Views.