from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Something lent for temporary use.
- n. A sum of money lent at interest.
- n. An act of lending; a grant for temporary use: asked for the loan of a garden hose.
- n. A temporary transfer to a duty or place away from a regular job: an efficiency expert on loan from the main office.
- transitive v. Usage Problem To lend.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A sum of money or other valuables or consideration that an individual, group or other legal entity borrows from another individual, group or legal entity (the latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest).
- n. The contract and array of legal or ethical obligations surrounding a loan.
- n. The permission to borrow any item.
- v. To lend (something) to (someone).
from the GNU version of the Collaborative International Dictionary of English
- n. A loanin.
- n. The act of lending; a lending; permission to use.
- n. That which one lends or borrows, especially a sum of money lent at interest.
- transitive v. To lend; -- sometimes with out.
from The Century Dictionary and Cyclopedia
- To lend.
- To lend money or other property; make a loan.
- n. A grant; gift; reward.
- n. That which is lent; anything furnished on condition of the future return of it, or of the delivery of an equivalent in kind; especially, a sum of money lent at interest.
- n. The act of lending or the condition of being lent; a lending: as, to arrange a loan.
- n. [In civil law, when the loan was made of things which could be returned only by their material equivalent, it was called mutuum; when made of things which could be returned in the identical form, it was called commodatum.]
- n. Permission to use; grant of the use: as, a loan of credit.
- n. A lane.
- n. An open space between fields of corn, left untilled as a passage for cattle; hence, a place near a village for milking cows. Also loaning.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a word borrowed from another language; e.g. `blitz' is a German word borrowed into modern English
- v. give temporarily; let have for a limited time
- n. the temporary provision of money (usually at interest)
In December, Novelis Inc. refinanced a term loan of $1.5 billion with a lower coupon of 3 percentage points over the London interbank offering rate or Libor.
Quiznos owes lenders led by Goldman Sachs Group Inc. $575 million under a term loan and $70 million under a revolving credit line that matures in May.
Under the details announced last week, Chrysler secured $3.2 billion in bonds, $3 billion in a term loan and a $1.3 billion revolving credit facility.
For example, here is a result for "Connor Erickson" with the term "loan modification", a pretty typical result for almost all names used:
Two capital needs were identified: a term loan of $350,000 to finance office improvements and new equipment; and a $200,000 line of credit to cover the more seasonal requirements of fabric ordering, finished-goods production, and marketing and selling costs.
The tranches on the loans were unchanged, but pricing on the term loan B was increased to 500 basis points bps over LIBOR from 475 bps.
A term loan B is sold mainly to non-bank lenders such as collateralized loan obligations, bank loan mutual funds and hedge funds.
The rest of the money Chrysler repaid to the governments was raised from a term loan and bonds.
The first lien debt consists of a term loan of $689.5 million, as well as a new $40 million revolving credit facility that is not expected to be drawn at closing, both of which mature in December 2015.
The proceeds of the term loan will enable the company to reduce the outstanding balance on its $475 million unsecured revolving credit facility.