Definitions for "DEVELOPMENT LOAN"
Keywords:  roads, vacant, repaid, sewage, sewers
Loans that finance the acquisition of land and the installation, prior to building, of utilities, sewage systems, roads, and so on.
Development assistance which must be repaid, usually a long-term, low-interest loan repayable in U.S. dollars.
A short-term loan, advanced before a construction loan, obtained by developers from lenders to acquire land and install basic utilities such as roads, sewers, water supply systems. etc.