Retail credit facility,
Definition of Retail credit facility:
Method of financing offered by retailers that allows consumers to make big-ticket purchases on credit. This type of financing often features low or even no initial payments but high interest rates.
A credit facility is a type of loan made in a business or corporate finance context; it allows the borrower to take out money over an extended period of time, rather than constantly reapplying for funds. Credit facilities are utilized broadly across the financial market as a way to provide funding for different purposes. They are often obtained in conjunction with the final round of a corporation's overall equity financing program, which includes the credit facility as well as an equity investment.
A retail credit facility is a financing method which can provide capital for various purposes. Retail credit facilities are portfolios structured with different types of debt that can be used by a company for business needs or customer lending.
Meaning of Retail credit facility & Retail credit facility Definition