Facility
A term used to describe financial assistance programs offered by lending institutions to help companies requiring capital Investopedia Says:
These financial assistance programs are merely another name for loans taken on by companies. Examples of such facilities include swingline loans and lines of credit. Often you will hear of companies obtaining different credit facilities, as they can vary between committed or uncommitted. Related Terms:
Committed Facility
Credit Sleeve
Line of Credit
Swingline Loan
Uncommitted Facility |