At Broadoak Consulting we firmly believe that the more knowledge our clients and businesses have, the more empowered they will feel when negotiating with lenders. Understanding formal loan documentation terminology will help to “demystify” the process.
We hope this article helps to translate highly technical legal & accounting terms into straightforward English. We have also deliberately avoided the temptation of providing a narrow list of terms and their definitions but have focused on why such terms are included and whether they materially impact a borrower or not.
Read full article (pdf) – Loan documentation terminology