bank facility
1bank facility — UK US noun [C] ► BANKING, FINANCE an arrangement with a bank allowing a company or organization to borrow money up to a certain amount: »They financed the purchase of the company with cash reserves and short term bank facilities …
2revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… …
3revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… …
4bilateral bank facility — A facility provided by a bank to a corporate customer. The agreement is restricted to the two parties, which enables a relationship to develop between the bank and the customer (see relationship banking). Compare: syndicated bank facility …
5syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead bank, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …
6bilateral bank facility — A facility provided by a bank to a corporate customer. The agreement is restricted to the two parties, which enables a relationship to develop between the bank and the customer (see relationship banking). Compare syndicated bank facility …
7syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead manager, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …
8non-revolving bank facility — A loan from a bank to a company in which the company has a period (often several years) in which to make its drawdowns, as well as flexibility with regard to the amount and timing of the drawdowns, but once drawn an amount takes on the… …
9non-revolving bank facility — A loan from a bank to a company in which the company has a period (often several years) in which to make its drawdowns, as well as flexibility with regard to the amount and timing of the drawdowns, but once drawn an amount takes on the… …
10facility — facility, faculty 1. Facility (from Latin facilis meaning ‘easy’) means ‘ease or ready ability to do something, aptitude’: • Firstborn children have greater verbal facility, and there is evidence that they have more successful relationships with… …
