standby loan Definition | Business Dictionaries from AllBusiness.com
Facebook Twitter You Tube RSS Feed

Business Glossary

SEARCH THE BUSINESS GLOSSARY

Business Definition for: standby loan
standby loan

commitment by a lender to make available a sum of money at specified terms for a specified period. This is generally not a desirable loan. It is intended to be replaced by another commitment.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

AllBusiness Greatest Hits