Term loan: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "A loan with a fixed payment date at some point in the future, before which (absent an event of default) the lender cannot have its money back. Compare with a callable loan...") |
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Revision as of 10:12, 4 June 2019
A loan with a fixed payment date at some point in the future, before which (absent an event of default) the lender cannot have its money back. Compare with a callable loan.
Term loans give rise — in limited cases — to the need for a cross default right. But not in the context of a stock loan or a repo agreement.