Term Loan definition: Copy, customize, and use instantly
Introduction
The term "Term Loan" refers to a type of loan that is repaid over a fixed period, with a set schedule of payments. It is typically used for long-term financing needs and can be secured or unsecured. The term loan is a common financial instrument for businesses and individuals seeking to borrow substantial amounts with clearly defined repayment terms.
Below are various examples of how "Term Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Term Loan" for business financing
This definition ties "Term Loan" to business financing.
"Term Loan" means a loan provided to a business entity, which is repaid in regular installments over a specified period, typically used for purchasing assets, funding expansion, or other capital expenditures.
Definition of "Term Loan" in the context of long-term borrowing
This definition connects "Term Loan" to long-term borrowing.
"Term Loan" refers to a loan with a fixed repayment schedule, typically for a period of one year or more, that is used to finance long-term investments or capital needs.
Definition of "Term Loan" for fixed interest rate
This definition links "Term Loan" to fixed interest rates.
"Term Loan" means a loan that is repaid in installments over a fixed period, with a predetermined interest rate, ensuring predictable payments throughout the loan term.
Definition of "Term Loan" for a secured loan
This definition applies "Term Loan" to secured loans.
"Term Loan" refers to a loan secured by collateral, where the lender can claim the collateral in case of default, and the borrower agrees to repay the loan in fixed installments.
Definition of "Term Loan" for unsecured financing
This definition connects "Term Loan" to unsecured financing.
"Term Loan" means an unsecured loan provided to a borrower, where repayment is made in equal installments over a defined term, with no collateral required.
Definition of "Term Loan" for corporate use
This definition ties "Term Loan" to corporate use.
"Term Loan" refers to a loan provided to a corporation, typically used for capital expenditures, acquisitions, or refinancing existing debt, with a repayment schedule spread over several years.
Definition of "Term Loan" for asset purchase
This definition links "Term Loan" to asset purchase.
"Term Loan" means a loan used by a borrower to finance the purchase of tangible assets such as property, equipment, or machinery, with the loan repaid over a set term.
Definition of "Term Loan" for refinancing existing debt
This definition connects "Term Loan" to debt refinancing.
"Term Loan" refers to a loan that is used to refinance or consolidate existing debt, with the borrower repaying the new loan in fixed installments over a designated period.
Definition of "Term Loan" for personal use
This definition applies "Term Loan" to personal use.
"Term Loan" means a personal loan provided to an individual, which is repaid in monthly installments over a fixed period, typically used for large personal expenses or consolidating debt.
Definition of "Term Loan" for revolving credit facilities
This definition links "Term Loan" to revolving credit.
"Term Loan" refers to a loan arrangement with fixed repayment terms, as opposed to a revolving credit facility, where the borrower must repay a specified portion of the debt over a set term.
Definition of "Term Loan" for fixed maturity
This definition ties "Term Loan" to fixed maturity.
"Term Loan" means a loan that has a specified maturity date, at which point the full principal and any remaining interest must be repaid by the borrower.
Definition of "Term Loan" for bridge financing
This definition connects "Term Loan" to bridge financing.
"Term Loan" refers to a short-term loan used as bridge financing, providing immediate funds until long-term financing or a more permanent loan solution can be arranged.
Definition of "Term Loan" for installment payments
This definition links "Term Loan" to installment payments.
"Term Loan" means a loan that is repaid in regular, equal installments over a defined period, with each payment consisting of both principal and interest.
Definition of "Term Loan" for revolving lines of credit
This definition applies "Term Loan" to revolving lines of credit.
"Term Loan" refers to a non-revolving loan that requires repayment of the principal in installments over a fixed term, differing from a revolving line of credit where the borrower can borrow again after repayment.
Definition of "Term Loan" for fixed amount
This definition ties "Term Loan" to a fixed loan amount.
"Term Loan" means a loan in which the borrower receives a fixed sum of money, which is to be repaid over a set term, typically with a fixed interest rate.
Definition of "Term Loan" for business expansion
This definition connects "Term Loan" to business expansion.
"Term Loan" refers to a loan used to finance the expansion of a business, typically involving the purchase of new equipment or facilities, with the loan repaid over several years.
Definition of "Term Loan" for long-term investment
This definition links "Term Loan" to long-term investments.
"Term Loan" means a loan made to finance long-term investments, such as the acquisition of real estate or business expansion, with repayment spread out over an extended period.
Definition of "Term Loan" for consolidation of debts
This definition applies "Term Loan" to debt consolidation.
"Term Loan" refers to a loan used to consolidate multiple debts into one, simplifying repayment by combining them into a single loan with fixed terms.
Definition of "Term Loan" for funding research and development
This definition connects "Term Loan" to research and development.
"Term Loan" means a loan provided to finance research and development activities, with repayment over a set term, typically for innovative projects or new products.
Definition of "Term Loan" for short-term financing
This definition ties "Term Loan" to short-term financing.
"Term Loan" refers to a loan with a relatively short repayment term, often used for temporary financing needs, with a fixed repayment schedule.
Definition of "Term Loan" for capital expenditure
This definition links "Term Loan" to capital expenditure.
"Term Loan" means a loan provided to finance capital expenditures, such as the purchase of fixed assets or long-term investments, with repayments spread over an agreed term.
Definition of "Term Loan" for corporate restructuring
This definition connects "Term Loan" to corporate restructuring.
"Term Loan" refers to a loan taken as part of a corporate restructuring process, with a repayment schedule determined by the terms of the restructuring agreement.
Definition of "Term Loan" for working capital
This definition applies "Term Loan" to working capital.
"Term Loan" means a loan used to finance working capital requirements of a business, with a defined repayment plan extending over a set period.
Definition of "Term Loan" for project financing
This definition ties "Term Loan" to project financing.
"Term Loan" refers to a loan used to finance specific projects, such as construction or development, with repayments based on the completion and cash flow of the project.
Definition of "Term Loan" for equipment leasing
This definition connects "Term Loan" to equipment leasing.
"Term Loan" means a loan used to finance the lease or purchase of equipment, with repayments made in fixed installments over the term of the loan.
Definition of "Term Loan" for restructuring debt obligations
This definition links "Term Loan" to restructuring debt.
"Term Loan" refers to a loan taken to restructure existing debt obligations, where the terms and repayment schedule are modified to accommodate new financial circumstances.
Definition of "Term Loan" for education financing
This definition ties "Term Loan" to education financing.
"Term Loan" means a loan provided for educational expenses, such as tuition fees, which is repaid over a fixed period with interest.
Definition of "Term Loan" for a borrower’s repayment schedule
This definition applies "Term Loan" to the borrower’s repayment schedule.
"Term Loan" refers to a loan agreement where the borrower agrees to repay the loan amount, plus interest, in equal or specified installments over the term of the loan.
Definition of "Term Loan" for private equity investments
This definition connects "Term Loan" to private equity investments.
"Term Loan" means a loan provided to a company funded by private equity investors, with repayment terms based on the company’s projected cash flow and profitability.
Definition of "Term Loan" for mortgage financing
This definition links "Term Loan" to mortgage financing.
"Term Loan" refers to a loan used for purchasing or refinancing real estate, typically repaid over a 15- to 30-year period with fixed or variable interest rates.
Definition of "Term Loan" for funding operating expenses
This definition ties "Term Loan" to operating expenses.
"Term Loan" means a loan taken to finance a business’s operating expenses, with the understanding that the loan will be repaid over a period of time based on cash flow generation.
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.