Loan Agreement definition: Copy, customize, and use instantly
Introduction
The "Loan Agreement" refers to a legal contract between a lender and a borrower that outlines the terms and conditions of a loan. It defines the amount, repayment schedule, interest rate, and any collateral or guarantees involved. Loan agreements are critical in ensuring the proper legal framework for borrowing and lending, protecting both parties' rights and obligations.
Below are various examples of how "Loan Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Loan Agreement" for Secured Loans
This definition ties "Loan Agreement" to secured loans.
"Loan Agreement" refers to an agreement in which the borrower agrees to repay a sum of money borrowed from the lender, with the loan being secured by collateral or assets pledged by the borrower.
Definition of "Loan Agreement" for Unsecured Loans
This definition connects "Loan Agreement" to unsecured loans.
"Loan Agreement" means a contract where the lender provides a loan to the borrower without requiring any collateral, based solely on the borrower's creditworthiness and ability to repay.
Definition of "Loan Agreement" for Business Financing
This definition links "Loan Agreement" to business financing.
"Loan Agreement" refers to an agreement in which a lender provides funds to a business for the purpose of financing its operations, expansion, or capital needs, specifying the terms of repayment and any applicable interest rates.
Definition of "Loan Agreement" for Personal Loans
This definition applies "Loan Agreement" to personal loans.
"Loan Agreement" means a contract between an individual borrower and lender outlining the amount of money borrowed, repayment schedule, interest rate, and any other relevant terms for the loan.
Definition of "Loan Agreement" for Term Loans
This definition ties "Loan Agreement" to term loans.
"Loan Agreement" refers to an agreement specifying a loan with a fixed repayment schedule, usually involving periodic payments of principal and interest, and a set maturity date.
Definition of "Loan Agreement" for Revolving Credit
This definition connects "Loan Agreement" to revolving credit.
"Loan Agreement" means a contract where the lender provides a credit line to the borrower, which the borrower can draw from and repay repeatedly, subject to an agreed-upon credit limit.
Definition of "Loan Agreement" for Debt Financing
This definition links "Loan Agreement" to debt financing.
"Loan Agreement" refers to a contract where a borrower receives funds from a lender under terms specifying repayment schedules, interest rates, and other conditions, typically used for debt financing in various business ventures.
Definition of "Loan Agreement" for Commercial Loans
This definition applies "Loan Agreement" to commercial loans.
"Loan Agreement" means a contract between a lender and a business entity where the lender provides a loan to the business to support its commercial activities, with specified terms of repayment and interest.
Definition of "Loan Agreement" for Real Estate Loans
This definition ties "Loan Agreement" to real estate loans.
"Loan Agreement" refers to a contract where the borrower receives funds from the lender for the purpose of purchasing or refinancing real estate, with the property often serving as collateral.
Definition of "Loan Agreement" for Syndicated Loans
This definition connects "Loan Agreement" to syndicated loans.
"Loan Agreement" means an agreement where a group of lenders, known as a syndicate, provides a loan to a borrower, typically for large financing needs, with terms specifying the responsibilities of each lender in the syndicate.
Definition of "Loan Agreement" for Structured Finance
This definition links "Loan Agreement" to structured finance.
"Loan Agreement" refers to a contract in a structured finance transaction where loans are bundled together and repackaged for resale to investors, with specific terms governing the repayments and conditions.
Definition of "Loan Agreement" for Securing Funds
This definition applies "Loan Agreement" to securing funds.
"Loan Agreement" means an agreement in which the borrower agrees to repay the borrowed funds under specified conditions, ensuring the lender’s interests are secured, either by collateral or guarantees.
Definition of "Loan Agreement" for Corporate Loans
This definition ties "Loan Agreement" to corporate loans.
"Loan Agreement" refers to a contract between a corporation and a lender, where the corporation borrows funds for business purposes and agrees to repay them according to agreed-upon terms, including interest and repayment schedule.
Definition of "Loan Agreement" for Government Loans
This definition connects "Loan Agreement" to government loans.
"Loan Agreement" means an agreement in which a government agency provides funding to a borrower, typically with favorable repayment terms, for purposes such as development, education, or infrastructure.
Definition of "Loan Agreement" for Bridge Loans
This definition links "Loan Agreement" to bridge loans.
"Loan Agreement" refers to a short-term loan agreement that provides temporary financing to the borrower until permanent financing can be arranged, often used in real estate transactions.
Definition of "Loan Agreement" for Mezzanine Financing
This definition applies "Loan Agreement" to mezzanine financing.
"Loan Agreement" means a contract in which a borrower obtains funds from a lender for mezzanine financing, typically used to fill the gap between senior debt and equity in capital structure.
Definition of "Loan Agreement" for Foreign Currency Loans
This definition ties "Loan Agreement" to foreign currency loans.
"Loan Agreement" refers to a contract where a borrower agrees to repay a loan in a foreign currency, subject to specific terms related to exchange rate fluctuations and repayment schedules.
Definition of "Loan Agreement" for Student Loans
This definition connects "Loan Agreement" to student loans.
"Loan Agreement" means a contract between a student borrower and a lender (often a government or private institution) outlining the terms under which funds are provided for educational expenses, including repayment terms after graduation.
Definition of "Loan Agreement" for Peer-to-Peer Lending
This definition links "Loan Agreement" to peer-to-peer lending.
"Loan Agreement" refers to an agreement made through a peer-to-peer lending platform, where individuals lend money to others without going through traditional financial institutions, with terms of repayment and interest set by the platform.
Definition of "Loan Agreement" for Secured by Accounts Receivable
This definition applies "Loan Agreement" to loans secured by accounts receivable.
"Loan Agreement" means a contract where the borrower pledges accounts receivable as collateral to secure the loan, giving the lender a claim to the receivables in case of default.
Definition of "Loan Agreement" for Credit Line Agreement
This definition ties "Loan Agreement" to credit line agreements.
"Loan Agreement" refers to an agreement in which the lender extends a credit line to the borrower, who may borrow funds up to an agreed-upon limit and repay them over time, with interest charged on the outstanding balance.
Definition of "Loan Agreement" for Equity-Based Loans
This definition connects "Loan Agreement" to equity-based loans.
"Loan Agreement" means a contract where the borrower receives a loan secured by equity in a company, typically with terms outlining the conversion of the loan into equity if repayment is not made.
Definition of "Loan Agreement" for Securing Working Capital
This definition links "Loan Agreement" to working capital loans.
"Loan Agreement" refers to an agreement where the borrower secures a loan to finance its working capital needs, with terms specifying the repayment schedule and interest rate.
Definition of "Loan Agreement" for High-Risk Loans
This definition applies "Loan Agreement" to high-risk loans.
"Loan Agreement" means a contract where the lender provides funds to the borrower under terms that account for the higher risk associated with the borrower’s financial stability, often involving higher interest rates.
Definition of "Loan Agreement" for Asset-Based Loans
This definition ties "Loan Agreement" to asset-based loans.
"Loan Agreement" refers to an agreement in which the borrower secures a loan using specific assets, such as inventory or machinery, as collateral for the loan repayment.
Definition of "Loan Agreement" for Loan Restructuring
This definition connects "Loan Agreement" to loan restructuring.
"Loan Agreement" means a modified agreement between a borrower and lender where the terms of an existing loan are revised, typically to extend the repayment period or reduce the interest rate.
Definition of "Loan Agreement" for Non-Recourse Loans
This definition links "Loan Agreement" to non-recourse loans.
"Loan Agreement" refers to an agreement where the lender agrees to provide a loan with no recourse to the borrower’s other assets, with repayment limited to the pledged collateral.
Definition of "Loan Agreement" for Business Line of Credit
This definition applies "Loan Agreement" to business lines of credit.
"Loan Agreement" means a contract where the borrower receives a business line of credit, enabling them to draw funds as needed and repay based on the terms agreed upon.
Definition of "Loan Agreement" for Long-Term Loans
This definition ties "Loan Agreement" to long-term loans.
"Loan Agreement" refers to an agreement for a loan with a repayment schedule that spans several years, often with lower interest rates due to the extended time for repayment.
Definition of "Loan Agreement" for Short-Term Loans
This definition connects "Loan Agreement" to short-term loans.
"Loan Agreement" means a contract for a loan that must be repaid within a short period, often within a year, typically with higher interest rates due to the limited repayment period.
Definition of "Loan Agreement" for Convertible Loans
This definition links "Loan Agreement" to convertible loans.
"Loan Agreement" refers to an agreement where the borrower may convert the loan into equity in the borrowing company, typically under certain conditions specified in the agreement.
Definition of "Loan Agreement" for Debt Restructuring
This definition applies "Loan Agreement" to debt restructuring.
"Loan Agreement" means a contract established during the restructuring of a borrower’s debt, outlining the terms for repayment and potentially involving modifications to interest rates and principal balances.
Definition of "Loan Agreement" for Project Financing
This definition ties "Loan Agreement" to project financing.
"Loan Agreement" refers to a contract where the lender provides funds for a specific project, with repayment contingent on the success or income generated from that project.
Definition of "Loan Agreement" for Lender’s Rights
This definition connects "Loan Agreement" to lender's rights.
"Loan Agreement" means a legal document that specifies the lender’s rights to recover the loan amount, including interest and fees, under various circumstances such as default or bankruptcy.
Definition of "Loan Agreement" for Multilateral Loan Arrangements
This definition links "Loan Agreement" to multilateral loan arrangements.
"Loan Agreement" refers to a contract involving multiple lenders providing funds to a borrower, often in a multilateral development financing context, with terms negotiated among all parties.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.