term loan

Definition

A loan which is repaid through regular periodic payments, usually over a period of one to 10 years.

Use term loan in a sentence

What made this term loan suspicious was the repayment period of 20 years, and no necessary collateral or other guarantee.

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The term loan that he took out to expand the floor space of his factory was going to have him making regular payments for the next decade.

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According to the deal, the contract covers all of our expenses the whole time that while where abroad. And if necessary, our term loan can be adjusted.

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straight loan credit facility