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单词 revolving bank facility
释义 revolving 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 conditions of the committed facility. The facility can be a bilateral bank facility or a syndicated bank facility.

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更新时间:2025/1/22 16:52:35