borrowing facility
1facility — fa‧cil‧i‧ty [fəˈsɪlti] noun facilities PLURALFORM 1. facilities [plural] PROPERTY special buildings or equipment that have been provided for a particular use, such as sports activities, shopping or travelling: • The hotel s leisure facilities… …
2Swingline facility — Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper with eurocommercial paper. The New York Times Financial Glossary …
3swingline facility — Bank borrowing facility to provide finance while the firm replaces US commercial paper with eurocommercial paper. Bloomberg Financial Dictionary …
4Committed Facility — A credit facility whereby terms and conditions are clearly defined by the lending institution and imposed upon the borrowing company. In committed facilities, the borrowing companies must meet specific requirements set forth by the lending… …
5Uncommitted Facility — A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent. Under this arrangement, the lending institution is not under any obligation to provide a specific sum to the borrowing company.… …
6Poverty Reduction and Growth Facility — The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world s poorest countries. It was created in September 1999, replacing the Enhanced Structural Adjustment Facility.PRGF supported… …
7Term auction facility — The Term Auction Facility is an instrument of monetary policy, introduced by the Federal Reserve to increase liquidity in United States financial markets. Although first instated as a temporary policy, as of 21 December 2007, the Fed will… …
8Revolving Loan Facility — A financial institution that allows the borrower to obtain a business or personal loan where the borrower has the flexibility to decide how often they want to withdraw from the loan and at what time intervals. A revolving loan facility allows a… …
9National Social Science Documentation Centre — The National Social Science Documentation Centre (NASSDOC), a constituent unit of the Indian Council of Social Science Research (ICSSR), was established in 1970. The primary objective of the NASSDOC is to provide library and information support… …
10overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …
