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 ?
will act as joint lead arrangers and joint book runners for the Term Loan.
125bn term loan B facility was issued at par and bears interest at a rate of LIBOR plus 2.
The extensions come as iHeart hasamended the private offers to lenders under itsTerm Loan D and Term Loan E facilities.
The final maturity date of the term loans is September 12, 2021, the firm said.
Additionally, the company amended its existing USD 50m unsecured term loan, which matures in 2018, decreasing the interest rate by 20 basis points to LIBOR plus 175 basis points thereby matching the pricing grid of the new five-year unsecured term loan.
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.
Upon closing of this refinancing transaction, the new Tranche B 2024 term loan will bear interest at LIBOR plus 2.
BANKING AND CREDIT NEWS-September 28, 2010--S&P rates Nalco's USD750m term loans at BB+(C)2010 M2 COMMUNICATIONS http://www.
When AFRs are very low, clients should consider converting their demand loans into term loans to lock in the low rates.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to the proposed new term loan facility.