Loan Contract Terms

Aron Gottesman ()
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Aron Gottesman: Pace University

Chapter 15 in Encyclopedia of Finance, 2022, pp 703-712 from Springer

Abstract: Abstract Loan contract terms refer to the price and nonprice terms associated with a corporate loan deal between a borrower and a lender or a syndicate of lenders. The specification of loan contract terms differs across loans. These differences are attributable to the tradeoffs between values of loan contract terms that the borrower chooses when negotiating the loan contract, as well as the purpose of the loan and borrower and lending syndicate characteristics. Methodological issues that arise when investigating the relations between loan contract terms include allowing for loan contract terms that are determined simultaneously and accurately estimating credit risk.

Keywords: Collateral; Corporate loans; Credit risk; Credit spread; Loan contract terms; Loan pricing corporation; Maturity; Simultaneity; Syndicate size; Syndicated loans (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-030-91231-4_15

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