Loan Commitment Financial Glossary

What is it? A written agreement between lender and borrower to loan money at a future date, subject to the specified terms and conditions.

Finance Term Definition Added By: Landon

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Financial Term pool is (1) For mortgage-backed securities, a pool is a group of mortgage loans backing an individual security issue.(2) In funds transfer pricing systems, a pool is an aggregation of funds to provide average or moving average cost of funds for allocation to products or business units.

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