term out
고급 (C1) formal
When a bank loan reaches its end date, or when you change a short-term loan into one that lasts much longer.
"The revolving credit line will term out in March, and the company must decide whether to refinance."
When a bank loan reaches its end date, or when you change a short-term loan into one that lasts much longer.
"The revolving credit line will term out in March, and the company must decide whether to refinance."
