Gross up

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Revision as of 17:11, 25 June 2015 by imported>Doug Williamson (Create the page. Source: ACT CFF exam April 2015.)
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In loan documentation, a clause with the effect that if a lender suffers a cost in relation to a tax, for example withholding tax, the borrower should indemnify the lender by increasing the related payments to the lender to a grossed up amount.


See also