credit facility
credit facility · credit facilities
A financial agreement under which a creditor agrees to make an amount of credit…A financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.
Meaning
1 sensesA financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.
Origin
From credit + facility.From credit + facility.
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Forms
plural: credit facilities| Singular | credit facility |
|---|---|
| Plural | credit facilities |
regular