long-term financing

Definition

A method of financing where liabilities (plus interest) would not be due within one year.

Use long-term financing in a sentence

We had negotiated some points that included reasonable long-term financing, and we were overall pleased with the deal we got.

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Ideally, I'd be able to pay for my new condo in cash, but I have to secure long-term financing in the form of a mortgage to make this purchase.

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Bud and Sally are seeking long-term financing for their business expansion that can be used now to buy new equipment and then paid off over the next five years.

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take-out loan Federal Agricultural Mortgage Corporation