long-term loan
noun [C] FINANCEDefinition
› a loan that is to be paid back over a period of time between three and ten years, and sometimes for as long as twenty years: The program makes long-term loans available for purchasing land, buildings, machinery, and equipment. → Compare medium-term loan, short-term loan
(Definition of long-term loan noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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