Loan commitment A written offer by a lender of the terms under which it agrees to lend money to a borrower over a certain period of time. Contains important information like interest rate and date the loan closes. A loan commitment can also be called a standby loan commitment, commitment letter, or firm commitment lending.
"You have to learn to treat people as a resource......you have to ask not what do they cost, but what is the yield, what can they produce? - Peter F. Drucker"
