building loan agreement

Building Loan Agreement

An agreement by a bank or other financing entity to extend capital to build a new construction. For example, a building loan agreement may be signed so a developer can build a new house or neighborhood. The money is disbursed at intervals, rather than all at once, once the builder reaches certain, defined stages of construction.

building loan agreement

A loan to finance construction.Funding is made either at preestablished stages or at completion, or upon submission and approval of invoices evidencing construction bills.

单词	building loan agreement
释义	building loan agreement Building Loan Agreement An agreement by a bank or other financing entity to extend capital to build a new construction. For example, a building loan agreement may be signed so a developer can build a new house or neighborhood. The money is disbursed at intervals, rather than all at once, once the builder reaches certain, defined stages of construction. building loan agreement A loan to finance construction.Funding is made either at preestablished stages or at completion, or upon submission and approval of invoices evidencing construction bills.
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