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Term loan
Term loanA bank loan, typically with a floating interest rate, for a specified amount that matures in between one and ten years, and requires a specified repayment schedule. RELATED TERMS-------------------------------------- Bank A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals. Loan Something lent (usually money) that will have to be given or paid back (usually with interest). Floating Used for exchange rates, interest rates, etc.; able to change according to supply and demand. Interest The amount of money a lender loans a borrower to pay for using the borrower's principal. Repayment Partial settlement of a debt (perhaps at monthly or quarterly intervals). SIMILAR TERMS-------------------------------------- Term The period of time during which a contract is in force. Term bonds Bonds whose principal is payable at maturity. Term certain annuity An insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Term certificate A certificate of deposit with a longer time to maturity. Term deposit A deposit held at a financial institution that has a fixed term. Term insurance Provides a death benefit only, no build up of cash value. Term life insurance A contract that provides a death benefit but no cash build up or investment component. Term out The transfer of debt within a company's balance sheet without acquiring new debt. Term premiums Excess of the yields to maturity on long-term bonds over those of short-term bonds. Term repo A repurchase agreement with a term of more than one day. Term sheet A non-binding agreement setting forth the basic terms and conditions under which an investment will be made. Term structure of interest rates Relationship between interest rates on bonds of different maturities, usually depicted in the form of a graph often called a yield curve. Term to maturity The time remaining on a bond's life, or the date on which the debt will cease to exist and the borrower will have completely paid off the amount borrowed. Term trust A closed-end fund that has a fixed termination or maturity date. TERMBRAY IND TERMBRAY IND is a securities company with code 00093 at Hong Kong stock. Board lot: 2,000. Terminal elevator An agricultural elevator that is considered to be the largest accumulator of the actual. Terminal value The value of a bond at maturity, typically its par value, or the value of an asset (or an entire firm) on some specified future valuation date. Terminal year For income tax and estate planning, this refers to the year in which a person has died. Terminally ill When a person is not expected to live more than 12 months. TERMINALS Credit Union TERMINALS is a credit union with head office in CARTERET, NJ Terms of delivery The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. Terms of trade The weighted average of a nation's export prices relative to its import prices. PREVIOUS AND NEXT TERMS-------------------------------------- Term certain annuity An insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Term certificate A certificate of deposit with a longer time to maturity. Term deposit A deposit held at a financial institution that has a fixed term. Term insurance Provides a death benefit only, no build up of cash value. Term life insurance A contract that provides a death benefit but no cash build up or investment component. Term loan Term out The transfer of debt within a company's balance sheet without acquiring new debt. Term premiums Excess of the yields to maturity on long-term bonds over those of short-term bonds. Term repo A repurchase agreement with a term of more than one day. Term sheet A non-binding agreement setting forth the basic terms and conditions under which an investment will be made. Term structure of interest rates Relationship between interest rates on bonds of different maturities, usually depicted in the form of a graph often called a yield curve. We thank you for using the Financial Dictionary to search for Term loan. If you have a better definition for Term loan than the one presented here, please let us know by making use of the suggest a term option. This definition of Term loan may be disputed by other professionals. Our attempt is to provide easy definitions on Term loan and any other medical topic for the public at large.
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