Term Loan Meanings:
You can define Term Loan as, Term loans are loans from banks for a specific amount with a specific payment schedule and a fixed or variable interest rate. Term loans are generally suitable for small, well-established businesses for solid annual financial reporting. In addition, term loans may require a substantial repayment to reduce the repayment amount and the total cost of the loan.
- A term loan is a fixed-term loan from a bank with a fixed amount and a fixed or variable interest rate.
- Companies often use term loan proceeds to buy new equipment or buildings for the auction process.
- Term loans can be long-term services with fixed payments, while long-term and medium-term loans may require a fixed amount.
This is a loan financing tool used to raise the funds needed for your small business. Term loans provide businesses with a fixed payment in return for a principal and interest payment promise at specified intervals over a specified period. These are usually long-term loans for additional costs or expenses associated with expanding an established business.
Fixed term loans.
Literal Meanings of Term Loan
Meanings of Term:
A word or phrase that is used to describe something or to express an idea, especially in a particular type of language or field of study.
A fixed or limited period during which something, such as a position, imprisonment, or investment, continues or has a purpose.
Any time of the year, alternating with holidays or vacations, when there are classes at a school, college or university or during a trial.
The terms under which an action can be taken or an agreement can be made, the terms that are specified or agreed upon.
Any quantity of proportions, series, or mathematical expressions.
Another term for one term
Give an explanatory name to be called by the given term.
Sentences of Term
Your lawyer agrees to the terms.
Synonyms of Term
administration, trimester, designation, stretch, semester, dub, nickname, term of office, idiom, incumbency, duration, quarter, appellation, phase, run, style, turn of phrase, locution, interval, length of time, period of office, denomination, denominate
Meanings of Loan:
Lending (amount of money or goods)
Synonyms of Loan
moneylending, hire, charter, let out, let someone have the use of, sub, borrow, debenture, ask for the loan of, give on loan, mortgage, advancing, lease, receive/take on loan, give someone the loan of, overdraft, lending, use temporarily