Soft Loan

1. A loan with a below-market rate of interest.

2. Loans made by multinational development banks and the World Bank to developing countries. Typically, soft loans have extended grace periods in which only interest or service charges are due. They also offer longer amortization schedules and lower interest rates than conventional bank loans.

verb [T often passive]

laconic

"concise, abrupt," 1589, from Gk. Lakonikos, from Lakon "person from Lakonia," the district around Sparta in southern Greece in ancient times, whose inhabitants were famous for their brevity of speech. When Philip of Macedon threatened them with, "If I enter Laconia, I will raze Sparta to the ground," the Spartans' reply was, "If."

Doric

[Marketing] anti-graft laws

1British : bribe

transitive verb offer something formally in writing: to present something formal or official, in the form of a document

Having a full array of suitable equipment or furnishings: a well-appointed kitchen; a well-appointed suite

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