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单词 takeout commitment
释义

takeout commitment

Definition
Written promise by a lender to provide a long-term financing (permanent financing) arrangement to replace an interim, short-term, or bridge loan, usually when a project reaches a specified milestone or stage. As a common practice, a takeout commitment must be in place before interim lenders agree to provide bridge loans. Also called takeout agreement or takeout loan.
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更新时间:2025/4/15 16:24:25