Term loan
id:
term-loan-227-181391
title:
Term loan
text:
A term loan is a monetary loan that is repaid in regular payments over a set period of time. Term loans usually last between one and ten years, but may last as long as 30 years. A term loan involves paying interest with the interest amount being added to the amount that needs to be repaid. The interest rate which could fixed or floating is often based on the borrower's credit rating and when floating is often based on a benchmark rate such as EURIBOR, SOFR or a similar benchmark rate. Term loans
brand slug:
wiki
category slug:
encyclopedia
description:
Monetary loan repaid in regular payments
original url:
https://en.wikipedia.org/wiki/Term_loan
date created:
2005-02-27T14:09:42Z
date modified:
2024-09-14T23:42:27Z
main entity:
{"identifier":"Q7702559","url":"https://www.wikidata.org/entity/Q7702559"}
image:
fields total:
13
integrity:
15