A formal offer by a lender making explicit the terms under which it agrees to lend money to a borrower over a certain period of time. also called standby loan commitment or commitment letter or firm commitment lending.
Related information about loan commitment:
- Loan Commitment Definition | Investopedia
A loan amount that may be drawn down, or is due to be contractually funded in the future. Loan commitments are found at commercial banks and other lending ...
- What is loan commitment? - BusinessDictionary.com
Definition of loan commitment: Binding promise from a lender that a specified amount of loan or line of credit will be made available to the named borrower at a ...
- What is loan commitment? - InvestorWords.com
Definition of loan commitment: A formal offer by a lender making explicit the terms under which it agrees to lend money to a borrower over a certain period of ...
- Loan commitment - Financial Dictionary - The Free Dictionary
Definition of loan commitment in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is loan commitment? Meaning of loan ...
- Loan Commitment - Legal Dictionary - The Free Dictionary
Commitment to a borrower by a lending institution that it will loan a specific amount at a certain rate on a particular piece of real estate. Such commitment is ...
- Mortgage Commitment Letter – the real loan approval letter ...
Dec 21, 2008 ... A Loan Commitment Letter is the document an underwriter sends to the ... The Loan Commitment Letter is a formal, legally binding document.
- Negotiating the loan commitment: The borrower's perspective
This article stresses the critical importance of the initial steps when approaching a loan commitment and outlines effective approaches for a borrower negotiating ...
- Bank Loan Commitment Contracts - Olin Business School at ...
able in the capital market; a loan commitment, whereby the borrower purchases the ... describes any sort of empirical regularities in loan commitment data.