Commitment Fee
Charge exacted in advance by a lender as consideration for its undertaking to make a loan to a company. Fee may be nonrefundable or it may be credited upon the interest of the loan. Commitment fee is not interest.
Charge exacted in advance by a lender as consideration for its undertaking to make a loan to a company. Fee may be nonrefundable or it may be credited upon the interest of the loan. Commitment fee is not interest.
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