Definitions for "Standby Fee"
A nonrefundable fee a lender pays an investor for a standby commitment.
A sum of money given by the borrower to the lender to hold a mortgage commitment for a certain period of time.
A percentage "good faith" fee submitted to the lender along with the application for a permanent loan.
Amount paid to an underwriter who agrees to purchase any stock that is not purchased by public investors in a rights offering.
Standby letter of credit Standing