commitment letter

commitment letter.

1. A lender’s written offer to grant a mortgage loan. • The letter generally outlines the loan amount, the interest rate, and other terms. — Also termed letter of commitment. [Cases: Mortgages 211. C.J.S. Mortgages §§ 274–276.]

2. LETTER OF INTENT.

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词条贡献者

译者Celia，毕业于新加坡知名法学院，擅长翻译涉及信息和智能技术领域的法律文件。