term loan

(redirected from Term Loans)

Term loan

A bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years, and requires a specified repayment schedule.

Term Loan

A loan from a bank with a floating interest rate, the total amount of which must be paid off in a certain period of time. An example of a term loan is a loan to a small business to buy fixed assets, such as a factory, in order to operate. The length of a term loan varies between one and 10 years, depending on the loan agreement.

term loan

a form of BANK LOAN made for a fixed time period at a predetermined rate of interest.

term loan

A loan with a maturity date but no amortization.One pays the interest monthly, quarterly,or annually,as required by the lender,but the principal is not due until maturity.Term loans of short duration,usually less than one year,may be set up as single pay loans.In that case,principal and all accrued interest are paid at maturity.

References in periodicals archive ?
The final maturity date of the term loans is September 12, 2021, the firm said.
NYSE: CDR) announced today closing $150 million of unsecured term loans consisting of a five-year $75 million term loan and a seven-year $75 million term loan.
8 billion senior secured term loan facility, comprised of tranche B-1 term loans in an aggregate principal amount equal to $975.
Each of the term loans amortizes quarterly at an annual rate of 1.
Term loans up to 100 per cent of the purchase price of a new building are usually available, provided the value of the premises and the owner's equity in the assets of the business exceed the purchase price.
19, 2011 /PRNewswire/ -- Travelport Limited (the "Company") today announces that the Company's parent holding company, Travelport Holdings Limited ("Travelport Holdings"), has reached an agreement in principle with lenders holding a majority of Travelport Holdings' unsecured payment-in-kind ("PIK") term loans due March 27, 2012 to amend such debt, including arrangements that extend the maturity date until 2016.
Low interest rates can benefit taxpayers in many ways, including converting demand loans to term loans and providing children with financing for major purchases.
8 billion of secured term loans due 2013, $275 million of borrowings under the revolving credit facility, $250 million of senior notes due June 2010 and $250 million of senior notes due June 2015.
3 (the "Amendment") to Select's senior secured credit facility, dated as of February 24, 2005 (as amended to date, the "Credit Facility"), with a group of holders of Tranche B term loans and JPMorgan Chase Bank, N.
7 billion senior secured term loans due 2014 'B+/RR3';
24 /PRNewswire-FirstCall/ -- The Mosaic Company announced today that it is notifying the lenders under its senior secured bank credit facility (the "Facility") of its election to prepay $150 million principal amount of term loans under the Facility on October 29, 2007.
If the company receives approval and the transaction is completed as currently anticipated, Fitch expects to rate the company's Rite Aid's new term loans, which will be used to fund the acquisition, as follows: