term loan - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “term loan”

term loan

noun [C]
 
 
BANKING, FINANCE a sum of money that is borrowed and has to be paid back over a fixed period of time: The loan is a $400 million 5-year term loan. The deal is funded by a term loan from the Royal Bank of Scotland.
(Definition of term loan from the Cambridge Business English Dictionary © Cambridge University Press)
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