Results 1 to 3 of 3

    • Join Date: Apr 2005
    • Posts: 50

    application, pre-payments, maturities........


    I am struggle with a sentence in a company's press release. The article tells that they amend credit facility and term loan agreement.

    The amendment changes the application of any term loan pre-payments from pro-rata maturities to the chronological order of maturities.

    I checked every words with my dictionary but it didn't help me to understand what the whole sentence imply.

    First, what does "application of any term loan pre-payments" mean? I would understand it if its an application of loan. Do "pre-payments" require any application or the word "application" here mean something special?

    Second, about "maturities". My dictionary says it means "deadline" but does not make sense to me. I don't understand the relation between "application" and "maturities".

    Thank you,

  1. Editor,
    English Teacher
    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • UK
      • Current Location:
      • Laos

    • Join Date: Nov 2002
    • Posts: 59,744

    Re: application, pre-payments, maturities........

    Would pre-payment be paying back the loan early?

    • Join Date: Apr 2005
    • Posts: 50

    Re: application, pre-payments, maturities........


    I don't know this pre-payment would pay back the loan early but I think it would reduce their debt amount.

    Thank you,

Similar Threads

  1. Introduction to sending an application letter.
    By damien_gaucher in forum CVs, Resumes and Applications
    Replies: 1
    Last Post: 10-Feb-2007, 15:48
  2. Job application letter
    By Ju in forum Ask a Teacher
    Replies: 6
    Last Post: 30-Jan-2007, 20:53
  3. application for an employment at an airport
    By englishspeakinggerman in forum Ask a Teacher
    Replies: 1
    Last Post: 21-Jul-2006, 19:37
  4. Application letter comment urgent
    By ben9108 in forum Ask a Teacher
    Replies: 2
    Last Post: 20-May-2006, 11:19
  5. Application / CV (Usual & Email)
    By Tetsuo in forum Ask a Teacher
    Replies: 1
    Last Post: 31-Mar-2006, 05:44


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts