Condition precedent
Condition precedent
A requirement in a loan agreement that must be met before the lender releases any funds.
Usage: Use "CPs" once. In legal Arabic: الشرط الواقف.
الشرط المسبق (الجمع: الشروط المسبقة للصرف)
شرط في اتفاقية التمويل يجب استيفاؤه قبل أن يصرف المُقرِض أي مبلغ.
المصدر: اختيار تحريري حيث لا يوجد مصطلح رسمي
Source of the Arabic term: Editorial choice where no official term exists
Why a lender reads this
A loan agreement turns these words into dates and money. When one is misread, a drawdown slips or a disbursement stops at a condition nobody planned for. A lender reads each as an obligation with a document behind it.