A syndicated loan is a loan that is granted to companies that wish to borrow extended coin than any single lender is prepared to risk in a onliest loan, generally many millions of dollars. In such a case, a syndicate of banks can each agree to put forward a portion of the principal sum.

Short of bankruptcy, it is scanty that debts are wholly or partially forgiven. Traditions in some cultures demand that this be done on a regular (often annual) basis, in computation to prevent systemic inequities between groups in society, or anyone Click Here presentable a specialist in holding arrears and coercing repayment. Under English law, when the creditor is deceived into forgoing payment, this is a crime: see Theft Announcement 1978.