Revoked loan

A bank is entitled to refuse to pay out a promised loan if circumstances become known which make repayment on the part of the borrower appear to be at risk; see Section 610 of the German Civil Code. Banks usually expressly reserve this right in the standard terms and conditions of credit accommodation. – See covenant, credit risk, downgrade trigger clause, third-party due clause, third-party default clause, first-lien default clause, event of default, credit freeze, leveraged loan. Forfeiture clause, prepayment clause.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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