commitment fee

noun

1. a charge made by a bank, in addition to interest, to make a loan available to a potential borrower

Example Sentences

In addition, Thailand must pay 0.15% per year as a commitment fee, which locks in the lending terms as long as there are undisbursed funds.

Read more on Seattle Times

In addition, Thailand must pay 0.15% per year as a commitment fee, which locks in the lending terms as long as there are undisbursed funds.

Read more on Washington Times

Desperate, SimDag paid a $150,000 commitment fee — presumably for a loan of up to $200 million — to a purported “faith-based” lender named Providence Funding, run by Byron Levon Canada, who masqueraded as a priest and had served time in federal prison for fraud.

Read more on Salon

A 50bp commitment fee is included for tickets of at least $150 million on the secured tranche and 25bp for all other ticket sizes.

Read more on Reuters

The loans are more flexible and are being launched now as investors will earn a commitment fee on the bridge loan and a ticking fee on the Term Loan B before the deal closes, the person familiar with the situation said.

Read more on Reuters