If a debt collector tried to sue you after this time period has expired, you can raise the SOL as a defense against the lawsuit. Many consumers confuse the length of time that debts can appear on their credit reports with the debt collection statute of limitations.
In broadcasting, syndication is the licensing of the right to broadcast television and radio programs by multiple television and radio stations, without going through a broadcast network.
DEFINITION of 'Loan Syndication'. The process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large sum of capital that may either be too much for a single lender to provide, or may be outside the scope of a lender's risk exposure levels.