Investment dictionary

TAKEOUT COMMITMENT

Take-Out Commitment: translation

A specific type of mortgage purchase agreement. Under a take-out commitment, a long-term investor agrees to buy a mortgage from a mortgage banker at a specific date in the future. Take-out commitments are enforced once a project reaches a particular stage where long-term, rather than short-term, financing is the preferred alternative.

There are a few specific types of investors that purchase take-out commitments. In most cases, these are insurance companies or other financial institutions. They are known as "take-out lenders."


  1. takeout commitment—фин. обязательство замещения обязательство кредитной организации выкупить в будущем по оговоренной цене ипотечный договор у банка который заключил первоначальную сделку с...Англо-русский экономический словарь