term loan

term loan definition - business

term loan

A loan with a stated maturity of three to ten years that often requires only that the borrower make interest payments until the maturity date, when the entire principal is due. Compare amortized loan.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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