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Commitment fee
The mortgage definition for
Commitment fee
:
The fee a lender charges for promising to make a loan.
Similar Matches
Commitment
Commitment
A promise by a lender to make a loan with specific terms for a specified period.
Loan commitment
Loan commitment
A promise by a lender or other financial institution to make or insure a loan for a specified amount and on specific terms.
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Commitment fee
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