Credit Agreement

A legal contract in which a bank arranges to loan a customer a certain amount of money for a specified amount of time. The credit agreement outlines all the rules and regulations associated with the contract. This includes the interest that must be paid on the loan.

A credit agreement can be a lengthy and detailed document that explains all the terms of the contract. For the most part, all types of loans (ranging from credit cards to mortgages) have some sort of credit agreement, which must be signed and agreed upon by both the bank or lender and the customer - the contract does not come into effect until the document has been signed by both parties.


Investment dictionary. . 2012.

Look at other dictionaries:

  • credit agreement — USA Also known as a loan agreement. The main transaction document for a loan financing between one or more lenders and a borrower. It sets out the: • Terms of the loan. • Borrowing and repayment procedures and the calculation of interest and fees …   Law dictionary

  • credit agreement — UK US noun [C] ► FINANCE, BANKING a formal agreement between someone borrowing money and the bank etc. lending the money: »Lenders must provide information about the cost of credit before asking you to sign a credit agreement …   Financial and business terms

  • credit agreement — vartojimo kredito sutartis statusas Aprobuotas sritis civilinė teisė ir procesas apibrėžtis Sutartis, pagal kurią vartojimo kredito davėjas suteikia arba įsipareigoja suteikti vartojimo kredito gavėjui vartojimo kreditą atidėto mokėjimo, paskolos …   Lithuanian dictionary (lietuvių žodynas)

  • German–Soviet Credit Agreement (1939) — For other uses, see German–Soviet Commercial Agreement (disambiguation). German–Soviet Credit Agreement Signed August 19, 1939 Location Berlin, Germany Signatories Union of Soviet Socialist Republics …   Wikipedia

  • consumer credit agreement — a consumer credit agreement is an agreement under which credit is extended to an individual. Those agreements that are regulated agreements cover extensions of credit up to a statutory limit. These include credit sales, hire purchase, secured and …   Law dictionary

  • linked credit agreement — susietojo vartojimo kredito sutartis statusas Aprobuotas sritis civilinė teisė ir procesas apibrėžtis Vartojimo kredito sutartis, kai: 1) vartojimo kreditas yra skirtas konkrečių prekių tiekimo ar konkrečių paslaugų teikimo sutarčiai finansuoti… …   Lithuanian dictionary (lietuvių žodynas)

  • regulated consumer credit agreement — /ˌregjυleɪtɪd kənˌsju:mə kredɪt əˌgri:mənt/ verb a credit agreement according to the Consumer Credit Act …   Dictionary of banking and finance

  • Revolving credit agreement — A legal commitment wherein a bank promises to lend a customer up to a specified maximum amount during a specified period. The New York Times Financial Glossary …   Financial and business terms

  • revolving credit agreement — A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. Bloomberg Financial Dictionary …   Financial and business terms

  • credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …   Law dictionary

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