Credit and Loan Agreement

Credit and Loan Agreement - A Credit and Loan Agreement is a legally binding contract between a lender and a borrower that outlines the terms and conditions for the provision of credit or a loan. The agreement specifies key details such as the amount borrowed, interest rate, repayment schedule, and any collateral required, among other terms.

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Credit and Loan Agreement
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Definition and Examples

Definition
A Credit and Loan Agreement is a legally binding contract between a lender and a borrower that outlines the terms and conditions for the provision of credit or a loan. The agreement specifies key details such as the amount borrowed, interest rate, repayment schedule, and any collateral required, among other terms.
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