uncommitted facility Quick reference
A Dictionary of Business and Management (6 ed.)
... 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 Quick reference
A Dictionary of Finance and Banking (6 ed.)
... 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 Quick reference
A Dictionary of Accounting (5 ed.)
... 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
committed facility
money-market line
committed
line of credit
bank line
facility Quick reference
A Dictionary of Business and Management (6 ed.)
... 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 Quick reference
A Dictionary of Accounting (5 ed.)
... 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 (USA) Reference library
The Handbook of International Financial Terms
...line (USA) . American term for a credit facility or line of credit , usually taken to mean uncommitted...
facility Quick reference
A Dictionary of Finance and Banking (6 ed.)
... 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 (Banking) Reference library
The Handbook of International Financial Terms
...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 (Banking; USA) Reference library
The Handbook of International Financial Terms
...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 (Banking) Reference library
The Handbook of International Financial Terms
... 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 Quick reference
A Dictionary of Business and Management (6 ed.)
...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 Quick reference
A Dictionary of Accounting (5 ed.)
...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...
