Commitment Letter Financial Glossary
What is it? A written promise to make or insure a loan for a specified amount and on specified terms.Finance Term Definition Added By: Trinity
The Commitment Letter definition has been viewed 993 Time(s)!
Send To Friends!
If you'd like to send the Commitment Letter definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Commitment Letter. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term SSEL is Strong sellFinancial Term Financial Year is Our financial year starts on 1 April and ends on 31 March.
Financial Term Transfer Value is Instead of receiving a pension when leaving a work pension scheme, a member has the right to transfer the pension value to a scheme operated by a new employer or a personal pension plan.
Financial Term Installment Loan / Installment Credit is An account in which the debt is divided into amounts to be paid successively at specific intervals set by the terms of the loan.
Financial Term Alternative mortgage instrument (AMI) is Any mortgage other than a fixed interest rate, level payment, amortizing loan. Includes variable rate mortgages, rollover loans, graduated payment mortgages, shared appreciation mortgages, adjustable rate mortgages, growing equity mortgages.