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Term loan |
Also found in: Acronyms, Wikipedia | 0.06 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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