commitment fee

commitment fee

A payment to a lender for making a loan or opening an ongoing line of credit.

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Part of Speech: noun
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Industry/Domain: Law; Legal services
Category: General law
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Related terms

Commitment Fee

Real estate; Commercial

The fee levied by a creditor on the borrower for future or unused credit is called commitment fee. Definition: The fee levied by a creditor on the borrower for future or unused ...

fee

Law; Contracts

A payment made to a professional person or to a professional or public body in exchange for advice or services.

stamp

Legal services; General law

official mark that indicates genuineness, validity or payment of a duty or charge

Stamp

Legal services; Commerical law; General law; Intellectual property; Patent & trademark

On legal documents

petitioner

Law; General law

A party who presents a petition to a court or other official body.

annuity

Law; General law

This is a fixed sum of money paid to a person at fixed times, such as yearly.

prenuptial agreement

Law; General law

It is a contract between two persons about to marry regarding property settlement in the event of divorce.

arbitration

Law; General law

Setting a dispute out of the court by presenting arguments to a person acting as an arbitrator.

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