GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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38% - Moderately

Syndicated Loans


Synonyms:allied loans, amalgamated loan, associated lending, combined lenders, in alliance
Filed Under: financial-banking
Tags: banking
 

Definition of syndicated loans

syndicated loans
1. Loans to a company backed by a group of banks in order to share the risk in a large transaction among several financial institutions. There is usually a lead bank and several participating banks.

Related Terms and Acronyms:

  • asset-backed securities (ABS)   Securities backed by a pool of assets.
      ➥  Financial security made up of a bundle of assets.
  • correspondent bank   A bank that holds deposits of another bank, usually a smaller bank, and in turn provides certain banking services that may not be readily available to the smaller bank.
  • Lloyd's of London   A market for insurance and reinsurance based in London, England where Lloyd's members, underwriters and financial backers can spread and share risk.
  • loan   Letting another party use something of value temporarily.
  • mortgage (mtg)   A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • mortgage-backed securities   Securities backed by mortgage debt.
  • reinsurance   The process of one insurance company sharing liabilities from an insurance policy with another insurance company in order to lessen exposure, or in other words, insurance for insurers.

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