adverse financial change condition
adverse financial change condition
In a loan commitment, a clause that allows the lender to cancel the commitment without penalty if the borrower's financial condition changes for the worse before loan funding.
| 单词 | adverse financial change condition |
| 释义 | adverse financial change conditionadverse financial change conditionIn a loan commitment, a clause that allows the lender to cancel the commitment without penalty if the borrower's financial condition changes for the worse before loan funding. |
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