TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TAKE-OUT FINANCING [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1996-03-29

English

Subject field(s)
  • Property Law (civil law)
  • Loans
DEF

A form of permanent financing, usually granted after a building has been constructed and is in operation: replaces a construction loan.

OBS

Normally the lender who makes the development, or interim, loan for a construction project will also provide the permanent financing to individual unit buyers to "take out" the developer after the project is completed and sold; hence the term take-out financing and end loan.

Key term(s)
  • take-out financing
  • take out financing
  • take-out mortgage
  • take out mortgage

French

Domaine(s)
  • Droit des biens et de la propriété (droit civil)
  • Prêts et emprunts
OBS

Se dit d'un prêt servant à rembourser le prêt relais (interim loan) accordé à l'emprunteur lors de la construction. L'équivalent français est fourni par la Société canadienne d'hypothèque et de construction.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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