See Also: terrace(dictionary)
Terrace(medicine)
terrace(1)(dictionary)
terrace(2)(dictionary)
The Royal Terrace Hotel(tourism)
The Chifley On South Terrace(tourism)
Kamala Bay Terrace Resort(tourism)
Champs Oakbrook Terrace(tourism)
Tight money or dear money(finance)
commitment(dictionary)

Commitment Fee (money) and terrace(1) (iou)


Commitment Fee (money)


Definition: Charge exacted in advance by a lender as consideration for its undertaking to make a loan to a company. Fee may be nonrefundable or it may be credited upon the interest of the loan. Commitment fee isDefinition: not interest.







terrace(1) (iou)



terrace noun. E16.
[Old French terrace, (also mod.) -asse rubble, platform, from Proto-Romance from Latin terra earth.]
Orig., an open gallery; a colonnade, a portico; a balcony. Later, a raised platform or balcony in a theatre, auditorium, etc. E16.
Guardian The Music sounds better in the top terrace..than in the lower terraces.
a. A raised level, esp. paved area, adjoining a house etc. or in a Garden, for walking or sitting; the levelled top of a natural slope or river-bank, esp. forming a series. L16.
Sir W. Scott The Garden..was laid out in terraces, which descended rank by rank..to a large brook. A. Brink I took him to a cafe terrace and ordered two beers.
b. Military. A raised earthwork, constructed by a besieging force as a place from which to launch an assault or gain a vantage point. arch. rare. L16.
c. Chiefly Archaeology. = CULTIVATION terrace. L18.
P. Matthiessen The path follows a dike between the..canal and the green terraces of rice.
d. A flight of wide shallow steps providing standing room for spectators at a Sports (esp. a Football) ground (usu. in pl.); any of these steps. Also (in pl.), the spectators occupying such a flight of steps. M20.
Match Celebrating his goal with a..rush to the fans on the terraces.
The flat roof of a house, esp. in warm climates, where the roof is used as a cool resting area. L16.
A naturally occurring formation of the earth's surface with a level top and sloping sides; spec. (a) a tableland; (b) Geology a horizontal shelf or bench on the side of a hill or on sloping ground, formed at the former margin of a river, sea, etc. L17.
A row of houses on a raised level, or along the top or face of a slope. Also, a row of houses built in one block and usu. of uniform style; the street on to which such a row of houses faces. M18.
D. Storey A few doors down the terrace lived Mr. Reagan.
b. = terrace house below. L19.
A soft spot in marble, which is cleaned out and the cavity filled up with a paste. Cf. TERRACY. rare. L19.
Comb.: terrace-cultivation (chiefly Archaeology) cultivation of hillsides in terraces (sense 2c above); terrace house any of a row of usu. similar houses joined by party-walls.