term loan

Also found in: Acronyms.

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.
These new unsecured term loans prefund all of our 2014 debt maturities with attractively priced capital, extend and stagger our debt maturities and further unencumber the Company's portfolio," said Philip Mays, Chief Financial Officer.
The proceeds from the new term loans were used to refinance the existing term loans under Freescale's credit facility and to pay a portion of the related fees and expenses.
The financing was structured as a 15-year term loan, with 15-year amortization, 65% LTV and a 1.
Therefore, after meeting with a term lender, he negotiated a term loan for 85 per cent of the purchase price and subordinated debt for the difference.
Under the terms outlined in the solicitation documents, which Travelport Limited's parent company anticipates will be released to lenders tomorrow, holders of Travelport Holdings' unsecured PIK term loans in aggregate amount of approximately $715.
When AFRs are very low, clients should consider converting their demand loans into term loans to lock in the low rates.
6 billion and consists of US$976 million of senior term loan and approximately US$560 million of payment-in-kind (PIK) notes.
Fitch believes credit protection measures could deteriorate further if ACS uses the term loan accordion feature to support additional share repurchase programs.
5 million of bank term loan and capitalized interest notes for new 10-1/4 percent senior notes due 2002.
500 million second lien term loan due 2009 'B-/RR5';