syndicate
B1CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law noun
The group of lenders that together provides a single loan to a borrower on common terms under one agreement.
The arranger sold down the loan to a syndicate of some twelve international banks.
Business verb
To arrange for a group of banks or investors to share the funding of a large loan or issue.
The lead banks syndicated the jumbo loan across two dozen lenders to spread the risk.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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