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Từ vựng:

commitment letter

Giải nghĩa:

/kəˈmɪtmənt ˈlɛtər/ – Phrase


Definition: Thư cam kết

A more thorough explanation: a letter in which a lender (=person that provides the loan) sets out the terms on which it is prepared to lend money to the borrower (=person that receives the loan)

Example: Barclays Capital has issued a commitment letter for the US$140 million financing of the development project.

 

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