lending commitment

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• commitment — n 1: an act of committing: as a: placement in or assignment to a prison or mental hospital petition for commitment compare incompetent, interdiction ◇ Commitment to a mental health facility is called …   Law dictionary

• commitment letter — is a letter (also called a letter of offer) in which a lender sets out the terms on which it is prepared to lend money to the lender. It is generally accompanied by a term sheet setting out the terms of the loan. If the letter is then signed by… …   Law dictionary

• commitment fee — England, Wales commitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a… …   Law dictionary

• commitment commission — England, Wales commitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a… …   Law dictionary

• commitment letter — A legally binding letter in which a lender documents the terms, prerequisites and conditions under which it agrees to provide financing to an applicant. Commitment letters may be used in almost any lending transaction but are most common in… …   Financial and business terms

• loan commitment — n. A promise made by a bank or other lending institution to a prospective purchaser of real estate that it will lend him or her a specified sum at a specified interest rate to purchase a particular property if it is done within a specified period …   Law dictionary

• Equity Commitment Note - ECN — A type of mandatory convertible bond issued by a bank or other lending institution that qualifies as regulated capital. A equity commitment note is redeemed when the sale or issue of securities is made at a future date by the issuing bank or… …   Investment dictionary

• Firm Commitment — 1. A lending institution s promise to enter into a loan agreement with a specific entity within a certain period of time. 2. An underwriter s agreement to assume all inventory risk and purchase all securities directly from the issuer for sale to… …   Investment dictionary

• Loan Commitment — A loan amount that may be drawn down, or is due to be contractually funded in the future. Loan commitments are found at commercial banks and other lending institutions and consist of both open end and closed end loans. Open end loan commitments… …   Investment dictionary

• Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

• United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium