a contract between lender and borrower (creditor and debtor) in which the lender agrees to loan an amount of money, and the borrower agrees to pay back that money with interest over time
a contract between you and your financial institution
a contract signed between the buyer and the financial institution
an agreement to lend money, services, or supplies in exchange for a promise of repayment, usually with interest
The contract between the lender and the borrower that sets out the loan terms and conditions. These will include amount, repayment obligations, interest rate, and the security required. It is important to read the Loan Agreement carefully, and it is wise to get legal and financial advice, before it is entered into.
Typically refers to a written agreement between a lender and borrower stipulating terms and conditions associated with a financing transaction and in addition to those included to accompanying note, security agreement and other loan documents. The agreement may indicate the obligations of each party, reporting requirements, possible sanctions for lack of borrower performance, and any restrictions placed on a borrower.
An agreement spelling out the project's goal, area, main components and budget by expenditure category. It contains formal conditions that must be complied with, primarily relating to procurement, reporting and financial management.
The contract between the lender and the borrower which sets out the conditions that applies to the loan.
This is the document that sets out the agreed terms of repayment with the lender.
A document that states what a business can and cannot do as long as it owes money to the lender.
The loan agreement is the contract between the borrower and the lender that shows all of the details of the loan.
The written agreement between a borrower and a financial institution identifying the terms of the loan. Loan-to-Value Ratio (LTV) A ratio determined by dividing the loan amount by the sales price or appraised value, expressed as a percentage. For example, with a loan amount of $8,000 and a sales price of $10,000 your loan-to-value ratio would be 80%. Back to the Top
Agreement to be executed by borrower, containing pertinent terms, conditions, covenants and restrictions.
a contract outlining the terms and conditions of the loan, regulated by the CCA. It sets out your right as a borrower, as well as our rights as a lender.
The agreement between the Authority and a hospital under which bonds are issued.
A legal document entered into between the lender and borrower, which describes the respective rights and obligations of each party. The loan agreement is intended to preserve the strengths of the borrower and protect the lender for identified weaknesses. The document also provides a framework for managing and monitoring the credit relationship.
A contract that spells out in detail the terms and conditions of a loan.
A written contract between a lender and a borrower that sets out the rights and obligations of each party regarding a specified loan.
The document or contract of the parties that reflects the commitment.
A written contract in which the terms and conditions of a loan are agreed on by both lender and borrower. The loan agreement will, amongst other things, contain representations and warranties as well as positive and negative covenants by the borrower. In addition, there will be details as to how the loan will operate, such as how draw-downs will be made.
