Credit facility

Credit facility,

Definition of Credit facility:

  1. Various types of credit facilities include revolving loan facilities, committed facilities, letters of credit, and most retail credit accounts.

  2. A variety of different loans that a company brings on to meet its financing needs.

  3. A credit facility is a type of loan made in a business or corporate finance context. It allows the borrowing business to take out money over an extended period of time rather than reapplying for a loan each time it needs money. In effect, a credit facility lets a company take out an umbrella loan for generating capital over an extended period of time.

How to use Credit facility in a sentence?

  1. A credit facility is a type of loan made in a business or corporate finance context.
  2. Types of credit facilities include revolving loan facilities, retail credit facilities (like credit cards), committed facilities, letters of credit, and most retail credit accounts.
  3. Credit facilities' terms and particulars, like those of credit cards or personal loans, are dependent on the financial condition of the borrowing business and its unique credit history.

Meaning of Credit facility & Credit facility Definition