term loan

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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.

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 ?
625 million term loans due November 2019 (the "2019 Term Loans") and $980.
On March 15, iHeartCommunicationscommenced private offers to eligible lenders under its Term Loan D and Term Loan E facilities to amend the existing term loans and exchange them for new securities of iHeartMedia and CC Outdoor Holdings and/or iHeart Communications.
The final maturity date of the term loans is September 12, 2021, the firm said.
13 February 2014 -- US financial services firm KeyBank National Association (NYSE: KEY) said it acted as administrative agent for New York-based REIT Cedar Realty Trust Inc (NYSE: CDR) closing on USD 150m of unsecured term loans consisting of a five-year USD 75m term loan and a seven-year USD 75m term loan.
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.
Level 3 Communications Inc (NYSE:LVLT) announced on Tuesday the successful completion by its wholly owned subsidiary, Level 3 Financing Inc, of the marketing of the refinancing of all of its outstanding USD4,610,500,000 senior secured term loans through the issuance of a new Tranche B 2024 term loan in the amount of USD4,610,500,000.
8 billion senior secured term loan facility, comprised of tranche B-1 term loans in an aggregate principal amount equal to $975.
BANKING AND CREDIT NEWS-September 28, 2010--S&P rates Nalco's USD750m term loans at BB+(C)2010 M2 COMMUNICATIONS http://www.
Low interest rates can benefit taxpayers in many ways, including converting demand loans to term loans and providing children with financing for major purchases.