syndicated bank credit
1Syndicated loan — A syndicated loan (or syndicated bank facility ) is a large loan in which a group of banks provide funds for a borrower, usually several but without joint liability. There is usually a lead bank or group of banks (the Arranger/s or Agent/s ) that …
2bank — ▪ I. bank bank 1 noun [countable] 1. BANKING a business that makes its profit by paying interest to people who keep money there and charging a higher rate of interest to borrowers who borrow money from the bank. Different types of bank provide a… …
3Syndicated Loan — A loan offered by a group of lenders (called a syndicate) who work together to provide funds for a single borrower. The borrower could be a corporation, a large project, or a sovereignty (such as a government). The loan may involve fixed amounts …
4syndicated — syndicate syn‧di‧cate 2 [ˈsɪndkeɪt] verb [transitive] 1. FINANCE if a company, especially a bank or insurance company, syndicates a loan, debt etc, it provides the loan, debt etc with a group of other companies: syndicate something to • Some of… …
5syndicated loan — A credit facility granted by more than one bank to a borrower or associated borrowers under the terms of one agreement. Syndication is the process by which one bank sells a portion of its debt to a syndicate of lenders, so reducing its own… …
6syndicated facility — United Kingdom A loan or other credit facility provided by more than one lender to a borrower (or associated borrowers) under the terms and conditions of one facility agreement. A syndicated loan is a loan provided under a syndicated facility but …
7Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
8Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …
9Chemical Bank — This article is about the former bank headquartered in New York. For Chemical Bank in Michigan, see Chemical Financial Corporation. Chemical Bank Chemical Bank s logo from after their 1991 acquisition of Manufacturers Hanover until its purchase… …
10revolving 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… …
