Term B loan

Term B loan definition - finance
A loan that costs more than traditional bank debt but costs less than a typical mezzanine loan, which may cost as much as 20 percent. In the event of default, Term B lenders are paid back before mezzanine lenders but after bank lenders.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments


Do you have more to add? Sign in to share your linguistic knowledge or observation.

Connect with Facebook