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.

---

词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。