Difference between revisions of "Syndicated Loan Participation Note"

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Latest revision as of 19:40, 17 October 2019

Definition

Syndicated Loan Participation Note (LPN). A fixed-income Security that permits investors to buy portions of an outstanding loan or package of loans

LPN holders participate, on a pro rata basis, in collecting interest and principal payments. Banks or other financial institutions often enter into loan participation agreements with local businesses, and also offer loan participation notes as a type of short-term investment.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.