The industry was granted a government-backed £410m loan facility to prevent it from going bust.
»The recent increase in production is helping the company generate plenty of cash for deals, leaving much of a $100m loan facility untouched.
Financial and business terms. 2012.
Revolving Loan Facility — A financial institution that allows the borrower to obtain a business or personal loan where the borrower has the flexibility to decide how often they want to withdraw from the loan and at what time intervals. A revolving loan facility allows a… … Investment dictionary
transferable loan facility — TLF A bank loan facility that can be traded between lenders, in order to reduce the credit risk of the bank that provided the loan. It is a form of securitization but can have an adverse effect on relationship banking … Accounting dictionary
transferable loan facility — TLF A bank loan facility that can be traded between lenders, in order to reduce the credit risk of the bank that provided the loan. It is a form of securitization but can have an adverse effect on relationship banking … Big dictionary of business and management
facility agreement — Also known as a facility letter or a loan agreement. An agreement (or letter) in which a lender (usually a bank) sets out the terms and conditions on which it is prepared to make a loan available to the borrower. It usually details the extent of… … Law dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
facility — fa‧cil‧i‧ty [fəˈsɪlti] noun facilities PLURALFORM 1. facilities [plural] PROPERTY special buildings or equipment that have been provided for a particular use, such as sports activities, shopping or travelling: • The hotel s leisure facilities… … Financial and business terms
Transferable Loan Facility (TLF) — übertragbare Kreditfazilität; Innovation im Bereich des Eurokonsortialkredits, bei der Kredite in Unterbeteiligungen übertragen werden, welche an Beteiligte außerhalb des Konsortiums verkauft werden sollen. Somit werden die Kreditanteile… … Lexikon der Economics
loan syndication — lending by a group. The size of some loans is so large that no single financial institution would possess either the resources or the inclination to lend the entire sum on its own. In such cases a syndicate of institutions is formed to provide… … Law dictionary
facility — facility, faculty 1. Facility (from Latin facilis meaning ‘easy’) means ‘ease or ready ability to do something, aptitude’: • Firstborn children have greater verbal facility, and there is evidence that they have more successful relationships with… … Modern English usage
loan agreement — UK See facility agreement. + loan agreement USA Also known as a credit agreement. The main transaction document for a loan financing between one or more lenders and a borrower. It sets out the: • Terms of the loan … Law dictionary
