- commitment commission
England, Walescommitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a syndicated loan, it will be payable to each of the lenders via the agent.The fee is designed to compensate the lender for capital adequacy requirements associated with lending.Typically, the fee is calculated at a rate equal to roughly half the margin and is paid monthly or quarterly in arrears.USAFee paid to lenders by borrowers for money that will be borrowed in the future on a specified date. In exchange for the fee, the lender commits to extending credit on the future date. A commitment fee is distinguished from interest.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
См. также в других словарях:
commitment fee — England, Wales commitment fee, Also known as commitment commission. A fee payable by the borrower to the lender under a loan agreement calculated by reference to the amount of the undrawn and uncancelled loan during the availability period. In a… … Law dictionary
Commission on Accreditation for Law Enforcement Agencies — CALEA Logo Formation 1979 Purpose/focus Accreditation Headquarters … Wikipedia
Commitment — Com*mit ment, n. 1. The act of committing, or putting in charge, keeping, or trust; consignment; esp., the act of committing to prison. [1913 Webster] They were glad to compound for his bare commitment to the Tower, whence he was within few days… … The Collaborative International Dictionary of English
Commission on the Future of Higher Education — Secretary Spellings and former North Carolina Governor James B. Hunt at the announcement of the Secretary s Commission on the Future of Higher Education The formation of a Commission on the Future of Higher Education, also known as the Spellings… … Wikipedia
Commission on Social Welfare — The Commission on Social Welfare (CSW) was a commission in Ireland that from 1983 to 1986 reviewed social welfare in the country. Social security policy between 1987 and 1994 was heavily influenced by the findings of the CSW. The final… … Wikipedia
Commission on Sustainable Development — The United Nations Commission on Sustainable Development (CSD) was established in December 1992 by General Assembly Resolution A/RES/47/191 as a functional commission of the UN Economic and Social Council, implementing a recommendation in Chapter … Wikipedia
commitment — /keuh mit meuhnt/, n. 1. the act of committing. 2. the state of being committed. 3. the act of committing, pledging, or engaging oneself. 4. a pledge or promise; obligation: We have made a commitment to pay our bills on time. 5. engagement;… … Universalium
Commitment of Traders Report — Der Commitment of Traders Report wird im Original als Commitments of Traders (CoT) bezeichnet. Hierbei handelt es sich um einen regelmäßig veröffentlichten Bericht der Commodity Futures Trading Commission (CFTC), welche als Regulierungsstelle der … Deutsch Wikipedia
commission — I (New American Roget s College Thesaurus) Body of persons with an assignment Nouns 1. commission, delegation; consignment, assignment; deputation, legation, mission, embassy; committee (see council); agency, power of attorney; task, errand,… … English dictionary for students
commitment — com•mit•ment [[t]kəˈmɪt mənt[/t]] n. 1) the act of committing 2) the state of being committed 3) the act of committing, pledging, or engaging oneself 4) a pledge or promise: to make a commitment to pay bills on time[/ex] 5) engagement;… … From formal English to slang