How Does a Revolving Loan Facility Work?

How Does a Revolving Loan Facility Work? Is a term loan A credit facility? A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or variable interest rate. A credit facility is a line of credit that a bank extends to a borrower. … Read more

What Is Novation?

Novation is the act of replacing one party in a contract with another party. This can be done with the consent of all parties involved in the original contract, or it can be done unilaterally by one party. Novation is often used in the context of mergers and acquisitions, where one company is acquired by … Read more

What Is an Absolute Title?

An absolute title is a title to property that is free and clear of any liens or encumbrances. An absolute title gives the holder of the title the right to use and enjoy the property without interference from any other party. Is title Absolute the same as joint tenants? No, title Absolute is not the … Read more