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Overview

uncommitted facility

An agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a specified amount of ...

uncommitted facility

uncommitted facility   Quick reference

A Dictionary of Accounting (5 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
67 words

... facility An agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a specified amount of funding; if a loan is made it will be for only a short period. Examples of an uncommitted facility include a money market line or an overdraft . Compare committed facility...

uncommitted facility

uncommitted facility   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

... facility An agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a specified amount of funding; if a loan is made it will be for only a short period. Examples of an uncommitted facility include a money market line or an overdraft . Compare committed facility...

uncommitted facility

uncommitted facility   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
66 words

... facility An agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a specified amount of funding; if a loan is made it will be for only a short period. Examples of an uncommitted facility include a money-market line or an overdraft . Compare committed facility...

uncommitted facility

uncommitted facility  

Reference type:
Overview Page
An agreement between a bank and a company in which the bank agrees in principle to make funding available to the company but is under no obligation to provide a specified amount of funding; if a loan ...
uncommitted

uncommitted  

Reference type:
Overview Page
Any facility or transaction that is of a best efforts nature only. With such an arrangement the party due to perform under the agreement is not legally obligated. Uncommitted facilities ...
facility

facility  

Reference type:
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.
committed facility

committed facility  

Reference type:
Overview Page
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 ...
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 ...
line of credit

line of credit  

Reference type:
Overview Page
(Banking; USA).American term for a credit facility. Such lines may be committed, that is guaranteed to be available, or uncommitted, that is available on a best efforts basis at the discretion of the ...
committed

committed  

Reference type:
Overview Page
(Banking).Usually a standby facility where the lender has entered into an obligation to provide funds when the borrower asks (cf. uncommitted). This arrangement means that the lender has to ...
bank line

bank line  

Reference type:
Overview Page
(USA).American term for a credit facility or line of credit, usually taken to mean uncommitted.
facility

facility   Quick reference

A Dictionary of Accounting (5 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
33 words

... 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...

facility

facility   Quick reference

A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
33 words

... 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...

bank line

bank line (USA)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

...line (USA) . American term for a credit facility or line of credit , usually taken to mean uncommitted...

facility

facility   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

... 1. 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 . 2. An agreement between an issuer of short-term securities and underwriters who commit to buy a security....

term loan

term loan (Banking)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

...loan or term credit (Banking) . A bank advance that is for a specified period of time. A term loan is usually taken to mean more than one year ( cf. committed and uncommitted facility ). See short-term...

line of credit

line of credit (Banking; USA)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

...of credit (Banking; USA) . American term for a credit facility . Such lines may be committed , that is guaranteed to be available, or uncommitted , that is available on a best efforts basis at the discretion of the lender. Also termed a credit line...

committed

committed (Banking)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

... or committed facility or committed line of credit (Banking) . Usually a standby facility where the lender has entered into an obligation to provide funds when the borrower asks ( cf. uncommitted ). This arrangement means that the lender has to provide funds whether it is convenient or not as long as the conditions precedent are in place. See line of credit...

committed facility

committed facility   Quick reference

A Dictionary of Accounting (5 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
92 words

...facility 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 Offered Rate ) for a certain period. The total cost will be the interest rate plus the mandatory liquid asset cost. The agreement will include the conditions that must be adhered to by the borrower for the facility to remain in place. Compare uncommitted facility . See also revolving bank facility...

committed facility

committed facility   Quick reference

A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

...facility 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 Offered Rate ) for a certain period. The total cost will be the interest rate plus the mandatory liquid asset cost. The agreement will include the conditions that must be adhered to by the borrower for the facility to remain in place. Compare uncommitted facility . See also revolving bank facility...

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