Term Loan
Definition of "Term loan"
- Intermediate - to long-term collateralized loan granted to a business by a commercial bank, insurance company, or commercial finance company such as to finance the purchase of real estate. The loan is amortized over a fixed period.
- Loan requiring only interest payment until the last day of its term, at which time the full payment due.
Popular Real Estate Terms
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A situation that occurs when borrowed funds cost more than they produce. ...
Expenditure paid to occupy property over a specified time period. ...
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The interest rate charged for a loan. For example, John obtained a $10.000 loan from the bank charging 10% interest. ...
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Same as term resale proceeds: Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. ...
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