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bank loan

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.03 sec.

bank loan

Sum of money lent by a bank to an individual or company. Loans are usually made at a fixed rate of interest for a specified time. Loans advanced by banks are usually secured by the borrower's assets. With a loan to a small company the bank will usually request that a director personally guarantee the loan with assets of their own in order to prevent the borrower defaulting on the loan and sheltering behind the restricted liability of a limited company.



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? Mentioned in ? References in periodicals archive
 
Imperial Capital, a broker-dealer in the secondary trading of high-yield, bank loan and distressed debt, has roughly 100 employees in its three offices in Los Angeles, New York and San Francisco.
The company will use funds from a bond issue of the same amount to pay off the bank loan.
Austell, Georgia, including its corporate credit rating, to 'B+' from 'BB-', and its senior secured bank loan rating, to 'BB-' from 'BB'.
 
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