Expenses (of a bank) incurred prior to the conclusion of a contract, in particular in the course of an elaborate creditworthiness check (credit assessment) of the potential customer. In some cases, the borrower must agree to pay an amount required for this in advance, which is then credited back to him when the contract is confirmed. This is done in order to ward off a plethora of labor-intensive loan applications from addresses with poor creditworthiness (who often enough submit loan applications to several institutions at the same time). – See European Master Agreement.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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