Archive | November 28th, 2009

How would you define a Term Loan?

Posted on 28 November 2009

A monetary loan that has to be repaid in regular payments over a set period of time is referred to as a term loan. Usually the term loans last between one and ten years, but there are such term loans also that may last as long as 30 years. An unfixed interest rate is usually involved in a term loan that will add additional balance to be repaid.Individuals can also have a term loan but they are usually used for…

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