The Commercial Loan Advisor

Loan Terms Glossary

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Term

Definition

Foreclosure

The process by which a lender takes back a property on which the mortgagee had defaulted.

Forward Commitment

A written promise from a lender to provide a loan at a future time.

Fundamentals

usually refers to the underlying economic factors affecting a particular market, country or sector and will include such aspects as industrial output, wages and raw materials costs, currency strength or weaknesses, trade balance and so on.

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