term loan
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English
Noun
term loan (plural term loans)
- (finance) A monetary loan that is usually repaid in regular payments over a set period of time.
- 2023 December 16, “Musk told lenders they would not lose money on Twitter deal”, in FT Weekend, Companies & Markets, page 10:
- The debt is split between $6.5bn of term loans, as well as $6bn of senior and junior bonds and a $500mn revolver.
