ABR Loan definition: Copy, customize, and use instantly
Introduction
The term "ABR Loan" refers to a loan that is based on an "Alternate Base Rate" (ABR), which is commonly used in certain financial agreements, such as credit facilities. It is typically linked to a benchmark interest rate, like the U.S. prime rate, and is often used in variable-rate loan agreements. Defining "ABR Loan" in a contract helps clarify the interest rate structure and ensures that the loan's terms are properly understood by all parties involved.
Below are various examples of how "ABR Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "ABR Loan" as a loan tied to the U.S. prime rate
This definition ties "ABR Loan" to the U.S. prime rate as the benchmark for calculating interest.
"ABR Loan" means a loan that is subject to an interest rate determined by reference to the U.S. prime rate, as published by the Federal Reserve, plus a specified margin.
Definition of "ABR Loan" as a loan with interest based on a fluctuating base rate
This definition connects "ABR Loan" to a fluctuating base rate, which may change periodically.
"ABR Loan" refers to a loan with an interest rate that is determined by the Alternate Base Rate, which is subject to periodic fluctuations based on market conditions.
Definition of "ABR Loan" as a loan linked to LIBOR
This definition links "ABR Loan" to the LIBOR rate, which can be used as a base for determining interest.
"ABR Loan" means a loan where the interest rate is determined by the Alternate Base Rate, which may be calculated by reference to LIBOR plus a margin.
Definition of "ABR Loan" as a short-term loan tied to the ABR
This definition applies "ABR Loan" to short-term loan agreements.
"ABR Loan" refers to a short-term loan whose interest rate is based on the Alternate Base Rate, with the rate changing in accordance with fluctuations in that base rate.
Definition of "ABR Loan" as a revolving loan with ABR-based interest
This definition connects "ABR Loan" to a revolving credit facility.
"ABR Loan" means a revolving loan under which interest is calculated based on the Alternate Base Rate, with periodic adjustments according to the prevailing rate.
Definition of "ABR Loan" as a loan subject to a margin over the base rate
This definition ties "ABR Loan" to a loan with an additional margin applied over the base rate.
"ABR Loan" refers to a loan where the interest rate is equal to the Alternate Base Rate plus an agreed margin, as defined in the loan agreement.
Definition of "ABR Loan" as a loan that adjusts based on interest rate changes
This definition links "ABR Loan" to a loan where the interest rate is adjustable.
"ABR Loan" means a loan where the interest rate is adjusted periodically based on changes to the Alternate Base Rate, as determined by the lender.
Definition of "ABR Loan" as a loan with interest calculated on a daily basis
This definition applies "ABR Loan" to a loan with interest calculated daily.
"ABR Loan" refers to a loan where interest is calculated daily, based on the Alternate Base Rate, and charged accordingly.
Definition of "ABR Loan" as a loan with a fixed margin over the base rate
This definition ties "ABR Loan" to a fixed margin applied to the Alternate Base Rate.
"ABR Loan" means a loan where the interest rate is determined by the Alternate Base Rate, with a fixed margin added for the duration of the loan term.
Definition of "ABR Loan" as a loan based on a specific base rate formula
This definition connects "ABR Loan" to a specific formula for determining the base rate.
"ABR Loan" refers to a loan where the interest rate is calculated using a specific formula, based on the Alternate Base Rate as defined by the lender.
Definition of "ABR Loan" as a loan with periodic interest rate revisions
This definition links "ABR Loan" to periodic interest rate revisions based on the Alternate Base Rate.
"ABR Loan" means a loan where the interest rate is reviewed and revised periodically in accordance with fluctuations in the Alternate Base Rate.
Definition of "ABR Loan" as a variable interest rate loan
This definition applies "ABR Loan" to a loan with a variable interest rate.
"ABR Loan" refers to a loan where the interest rate is variable and is determined by the Alternate Base Rate, which changes periodically based on prevailing market conditions.
Definition of "ABR Loan" as a loan with a capped interest rate
This definition connects "ABR Loan" to a loan where the interest rate is capped.
"ABR Loan" means a loan where the interest rate is calculated based on the Alternate Base Rate, subject to a maximum cap as specified in the loan agreement.
Definition of "ABR Loan" as a loan with a minimum interest rate
This definition ties "ABR Loan" to a loan with a minimum interest rate.
"ABR Loan" refers to a loan where the interest rate is based on the Alternate Base Rate but is subject to a minimum interest rate threshold, ensuring the rate does not fall below a specified level.
Definition of "ABR Loan" as a loan with interest based on market rates
This definition applies "ABR Loan" to a loan where the interest rate is linked to market rates.
"ABR Loan" means a loan where the interest rate is based on the prevailing Alternate Base Rate, which reflects current market interest rates.
Definition of "ABR Loan" as a loan with interest recalculated periodically
This definition links "ABR Loan" to periodic recalculations of interest.
"ABR Loan" refers to a loan where the interest rate is recalculated on a periodic basis according to the current Alternate Base Rate.
Definition of "ABR Loan" as a loan with a base rate determined by the lender
This definition ties "ABR Loan" to a base rate determined by the lender.
"ABR Loan" means a loan where the interest rate is based on the Alternate Base Rate, which is determined by the lender and may change at the lender's discretion.
Definition of "ABR Loan" as a loan tied to a specified benchmark rate
This definition connects "ABR Loan" to a specific benchmark rate.
"ABR Loan" refers to a loan where the interest rate is based on a specified benchmark rate, such as the Alternate Base Rate, plus an additional margin as defined in the loan agreement.
Definition of "ABR Loan" as a loan with interest tied to a reference rate
This definition applies "ABR Loan" to a loan where interest is tied to a reference rate.
"ABR Loan" means a loan where the interest rate is determined based on a reference rate, the Alternate Base Rate, which is adjusted according to market fluctuations.
Definition of "ABR Loan" as a loan with interest recalculated based on prime rate changes
This definition ties "ABR Loan" to changes in the prime rate.
"ABR Loan" refers to a loan where the interest rate is recalculated based on changes in the U.S. prime rate, which serves as the basis for determining the Alternate Base Rate.
Definition of "ABR Loan" as a loan with interest determined by the lender's discretion
This definition connects "ABR Loan" to the lender’s discretion in determining the interest rate.
"ABR Loan" means a loan where the interest rate is determined by the lender, based on the Alternate Base Rate, which may change according to the lender's discretion.
Definition of "ABR Loan" as a loan with interest linked to the base rate for each interest period
This definition applies "ABR Loan" to a loan where interest is recalculated for each period.
"ABR Loan" refers to a loan where the interest rate is linked to the Alternate Base Rate for each interest period, with recalculations occurring at regular intervals.
Definition of "ABR Loan" as a loan subject to market fluctuations
This definition ties "ABR Loan" to a loan subject to market fluctuations.
"ABR Loan" means a loan whose interest rate is based on the Alternate Base Rate, which fluctuates with changes in market conditions, affecting the loan’s interest rate.
Definition of "ABR Loan" as a loan with variable terms and conditions
This definition connects "ABR Loan" to a loan with variable terms.
"ABR Loan" refers to a loan where the terms, including the interest rate, are subject to change based on the prevailing Alternate Base Rate and other market conditions.
Definition of "ABR Loan" as a loan tied to an adjustable rate
This definition applies "ABR Loan" to a loan with an adjustable rate.
"ABR Loan" means a loan where the interest rate is adjustable, based on fluctuations in the Alternate Base Rate, with periodic adjustments as specified in the loan agreement.
Definition of "ABR Loan" as a loan with a benchmark interest rate
This definition ties "ABR Loan" to a loan with a benchmark rate.
"ABR Loan" refers to a loan where the interest rate is based on a benchmark rate, such as the Alternate Base Rate, which reflects the cost of borrowing in the financial markets.
Definition of "ABR Loan" as a loan with interest recalculated periodically
This definition links "ABR Loan" to a loan with periodic interest recalculations.
"ABR Loan" means a loan where the interest rate is recalculated periodically, based on fluctuations in the Alternate Base Rate or other reference rates, as outlined in the loan agreement.
Definition of "ABR Loan" as a loan with interest determined by a set formula
This definition applies "ABR Loan" to a loan with a set formula for calculating interest.
"ABR Loan" means a loan where the interest rate is calculated based on a predetermined formula that includes the Alternate Base Rate and a fixed margin.
Definition of "ABR Loan" as a loan with a rate based on fluctuations in market interest rates
This definition ties "ABR Loan" to market-driven interest rates.
"ABR Loan" refers to a loan where the interest rate is determined by fluctuations in market interest rates, with the Alternate Base Rate as the benchmark.
Definition of "ABR Loan" as a loan with interest recalculated based on index rate changes
This definition links "ABR Loan" to changes in an index rate.
"ABR Loan" means a loan where the interest rate is recalculated periodically based on the changes in an index rate, such as the Alternate Base Rate.
Definition of "ABR Loan" as a loan with the option to convert to fixed rate
This definition applies "ABR Loan" to a loan that can switch to a fixed rate.
"ABR Loan" refers to a loan where the interest rate is initially tied to the Alternate Base Rate but provides the borrower the option to convert to a fixed rate under certain conditions.
Definition of "ABR Loan" as a loan secured by collateral
This definition ties "ABR Loan" to collateral-backed loans.
"ABR Loan" means a loan that is secured by collateral, with the interest rate determined by reference to the Alternate Base Rate.
Definition of "ABR Loan" as a loan under a credit agreement with flexible terms
This definition links "ABR Loan" to a credit agreement with flexible terms.
"ABR Loan" refers to a loan under a credit agreement where the interest rate is based on the Alternate Base Rate, which is subject to periodic adjustments as specified by the agreement.
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