A loan commitment is an agreement by a commercial bank or other financial institution to lend a business or individual a specified sum of money. (Investopedia)
Upfront Fee. Fee paid to a lender by a borrower as consideration for making a new loan. [...] In a syndicated loan, a lender generally receives an upfront fee based on the lender's ultimate allocation of loan commitment after the loan is syndicated. (Practical Law, Thomson Reuters)
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