commitment letter


Definition
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. also called loan commitment.

Related Personal Finance Articles

Loading...

commitment letter in the news

Loading...

commitment letter is ...

... part of the Lending & Credit subject.

Search volume for commitment letter

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z