Feedback
Credit facility
Meaning
Noun
●
In Banking & Finance:
A
financial agreement
under which a
creditor
agrees
to make an amount of
credit
available to a
borrower
, which may be
borrowed
on demand
(a
line of credit
) or once certain
conditions
have been met.
Sourced from
Wiktionary
Join 10 million students and professionals writing 70% faster at QuillBot.com
Start writing better