UNCOMMITTED FACILITY
Uncommitted Facility: translation
A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.Under this arrangement, the lending institution is not under any obligation to provide a specific sum to the borrowing company. Furthermore, the borrowing company is not subject to conditions set by the lending institution.
- uncommitted facility—банк. необязательственный кредитu свободный от обязательств кредитu соглашение между кредитором и заемщиком при котором кредитор дает согласие на предоставление кредита н...Англо-русский экономический словарь