| 单词 | syndicated loan |
| 释义 | syndicated loanDefinition Large loan arranged jointly by two or more financial institutions to share the risk involved. Also called multibank credit or syndicated credit. Use 'syndicated loan' in a SentenceThe syndicated loan was monumental in securing our market position because it allowed us to deliver to a new continent. We wanted to build a new franchise convenience store in a small town so the Credit Union and the Bank collaborated in a syndicated loan to make our franchise purchase a reality. As a 3 million dollar loan was too much risk for one financial institution to assume, ABC Company was forced to obtain a syndicated loan from Greedy bank, inc and High Interest Banks of America. |
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