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uncommitted facility

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committed facility

committed facility  

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An agreement between a bank and a customer to provide funds up to a specified maximum at a specified interest rate (in the UK this is usually based upon an agreed margin over the London Inter Bank ...
facility

facility  

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Overview Page
An agreement between a bank and a company that grants the company a line of credit with the bank. This can either be a committed facility or an uncommitted facility.
money-market line

money-market line  

An agreement between a bank and a company that entitles the company to borrow up to a certain limit each day in the money markets, on a short-term basis (often overnight or in some cases up to one ...

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