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Discover Ludwig"loan commitment" is a correct and usable expression in written English.
It's an idiom meaning "a company's promise to provide a loan to another company or organization". For example, "The business received a loan commitment from the bank that allowed them to proceed with their expansion plans".
Exact(41)
The city canceled outright a loan commitment made by Mr. Sugarman involving a post of fice in Prince Georges County, Md. Four other loan commit ments for post office construc tion two of them major build ings in Baltimore and Indian apolis are outstanding since the due dates for the funds are ahead.
LOAN COMMITMENT -- An agreement to lend.
Neon said it had obtained a $12.5 million loan commitment to finance reorganization, subject to a judge's approval.
At the end of the 2-year period, to the extent the bank has not used the loan commitment, the Secretary may extend the term of the loan or withdraw the loan commitment.
Recently, Chemical made a $250 million loan commitment as part of the effort to reorganize Allegheny itself.
Borders itself had suggested two weeks ago that it might need to file for bankruptcy despite receiving a $550 million loan commitment from GE Capital.
Similar(19)
Construction loan commitments are trending up, the firm found.
Others, like Regal Cinemas and United Artists, are having trouble honoring their loan commitments.
Yet another would raise the capital charge on loan commitments.Funding is under the spotlight, too.
In 1998 some 2% of overall bank loan commitments were "adversely rated".
And untapped loan commitments to corporate customers continue to crowd out space on banks' balance-sheets.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com