bank term loan

Definition

A commercial loan product with repayment terms extending beyond one year. The loan comes with a fixed interest rate and is typically structured as a line of credit. The borrower may draw down funds as needed, but must pay a fixed amount based upon the amount outstanding.

Related Videos




http://www.businessdictionary.com/definition/bank-term-loan.html

Have a question about bank term loan? Ask for help in the
Community
advertise here

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