term loan
A2CEFR level
45/100Rarity: uncommon
TechnicalRegister
A loan advanced in one or more drawings which, once repaid, cannot be redrawn and is repayable by a fixed maturity date.
The acquisition was funded by a five-year term loan amortising in equal quarterly instalments.
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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