Loan Commitment


Also found in: Financial.

Loan Commitment

Commitment to a borrower by a lending institution that it will loan a specific amount at a certain rate on a particular piece of real estate. Such commitment is usually limited to a specified time period (e.g., four months), which is commonly based on the estimated time that it will take the borrower to construct or purchase the home contemplated by the loan.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The company reported it secured a loan commitment of US$ 50 million.
Indocement raises budget for capital spending
Schneider obtained a commitment letter from the banks, under which they agreed to provide acquisition financing; as consideration, Schneider agreed to pay a nonrefundable loan commitment fee and to indemnify the banks for any legal fees associated with the commitment of funds.
Deducting acquisition costs incurred by a shareholder, but paid by the corporation
29 Kyodo Fuji Bank, the Industrial Bank of Japan (IBJ) and eight other banks have agreed to set up a one-year loan commitment line of up to 500 billion yen for the embattled Nissan Motor Co., with 100 billion yen each from Fuji and the IBJ, sources familiar with the deal said Thursday.
Nissan gets 500 bil. yen credit line from 10 banks
The banks are looking to scale down the loan commitment to Delek Drilling LP, Avner Oil & Gas Ltd and Dor Alon Energy in Israel (1988) Ltd.
-Barclays and HSBC looking to reduce their previous commitment to Tamar partners
According to a news reoprt, the total loan commitment by international donors stood at $5.149 billion.
DISBURSEMENT FALLS SHORT BY 50 PERCENT IN FISCAL YEAR 2010
Washington, DC: The federal banking agencies announced that to adjust for inflation and changes in average loan size, the aggregate loan commitment threshold for inclusion in the Shared National Credit (SNC) program will increase from $20 million to $100 million.
Aggregate loan commitment threshold to increase to $100m
BANKING AND CREDIT NEWS-March 12, 2015-Alcentra Capital provides loan commitment to A2Z Wireless
Alcentra Capital provides loan commitment to A2Z Wireless
The company received a USD1bn loan commitment on Thursday from a group of 25 banks, with the money to be used to finance exports and working capital needs.
-Embraer wins loan commitment from banks
With total loan commitment of US$ 81.11 billion by the end of 2000, each Indonesian had a debt of US$ 400.
Foreign loan not wanted but needed. (Focus)
HUD will then carry out an expedited review of the processing and issue the loan commitment. The M.A.P.
REILLY AND ARMSTRONG APPROVED AS FHA M.A.P. LENDERS
29, 1992, the Arizona District Court reversed a lower Bankruptcy Court decision that allowed corporations to amortize and deduct loan-related fees (including attorneys' fees and other loan commitment fees), over the life of a loan incurred in financing a stock redemption.
Taxability of fees in financing a stock redemption
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