| 单词 | back-up credit |
| 释义 | back-up credit An alternative source of funds arranged if an issue of commercial paper is not fully taken up by the market. Back-up credit is provided by a bank for a fee or by the deposit of credit balances at the bank of the issuer. The back-up is often a stand-by facility provided by the bank, which may be drawn upon if the paper is not placed. |
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