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Loan commitments

• Loan commitments involve a promise by the bank to provide a loan at some (usually fixed) interest rate during a stated time period (say 1 year). The customer has the option of taking down a loan in the future at the agreed upon rate if he so chooses.

 
 

Follow this link for all the terms related to loan.

 
 Embedded terms in definition
 Future
Interest rate
Interest
Option
Time
 
 Related Terms
 

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