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commitment loan

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См. также в других словарях:

  • 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

  • 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

  • Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… …   Wikipedia

  • 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 — 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 period — England, Wales availability period Also known as the commitment period. It is a set period during which a borrower may draw down a loan. In a term loan, it is usually a relatively short period after signing the facility agreement. In a revolving… …   Law dictionary

  • Commitment rate — Commitment rates are the rates at which mortgage loans can be sold to another entity, such as Fannie Mae and Freddie Mac or other lenders. The Fannie Mae Commitment Rate is the rate that Fannie requires for a par priced loan. From the commitment… …   Wikipedia

  • loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… …   Black's law dictionary

  • loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… …   Black's law 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

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