pricing grid

pricing grid
USA
In the context of finance, a grid used to determine the applicable margin based on a performance measurement such as the credit rating of the borrower (or the loans) or the borrower's leverage ratio at a given point in time. The effect is that the interest rate charged by the lenders on the loans (referred to as pricing) will decrease if the performance measurement improves. Pricing grids may also be used to determine commitment fees for revolving loans.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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