Leveraged loan

{
  "id": "MLC-T-FIN-000221",
  "term": "Leveraged loan",
  "field": "Finance and investing",
  "term_source": "Leveraged Loan",
  "definition": "Generally speaking, a leveraged loan is a type of loan made to borrowers who already have high levels of debt and/or a low credit rating. Lenders consider leveraged loans to have an above-average risk that the borrower will be unable to pay back the loan (also known as the risk of default). These loans generally pay higher interest rates to lenders because of the higher level of risk.",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/leveraged-loan/"
}