| 释义 |
take-out commitment Take-Out CommitmentAn agreement by a financial institution or another investor to make a long-term loan at a certain, stated date in the future. A take-out commitment may be made in construction or other projects when short-term financing is initially beneficial but the borrower anticipates long-term financing to become more advantageous at a later time.take-out commitmentA binding agreement by a lender to provide permanent financing at the expiration of the construction financing, if certain conditions have been met.These usually include minimum occupancy levels for an income-producing property. |