trigger terms

Definition

Specific credit terms, such as down payment, monthly payment, and amount of finance charge or term of loan.

Use trigger terms in a sentence

You should try to make sure that you know how any trigger terms may effect your companies over all finances.

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The trigger terms were clearly outlined during the agreement made between the individual and the bank involved in the transaction.

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When we negotiated the credit line for the Baltimore purchase, the lender insisted on including certain trigger terms delineating the scope of our relationship.

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trigger line triggering term