Accordion: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Source: Accordion feature page.) |
imported>Doug Williamson (Remove surplus wording.) |
||
| Line 1: | Line 1: | ||
''Borrowings'' | ''Borrowings'' | ||
An accordion is a structure or feature in a loan agreement giving the borrower the option to increase the principal amount | An accordion is a structure or feature in a loan agreement giving the borrower the option to increase the principal amount under the same terms, for example to fund future expansion. | ||
Revision as of 12:33, 9 September 2017
Borrowings
An accordion is a structure or feature in a loan agreement giving the borrower the option to increase the principal amount under the same terms, for example to fund future expansion.
