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lender of last resort
lending library
lenes
-length
length
lengthen
lengthwise
lengthy
leniency clause
lenient
Lenin Peak
Leninakhan
Leningrad
Leninism
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Also available:
World English Dictionary
Dictionnaire Français
leniency clause
le·ni·en·cy clause
(
plural
le·ni·en·cy clauses
)
noun
Definition:
finance
possibility of reducing loan repayments:
a facility for loan repayments to be amended from an agreed schedule when the borrower experiences financial difficulty
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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