| 词汇 | revolving-credit-facility |
| 释义 | revolving credit facility noun[ C ] ukus FINANCE, BANKING an arrangement between a bank and a business that allows the business to borrow a particular amount of money, and then to borrow more money if part of the original loan is paid back: Renewal of the company's £250m revolving credit facility would almost certainly guarantee its survival. Examples of revolving credit facilityrevolving credit facility In a revolvingcreditfacility, the occurrence of an event of default normally also allows the lender to cancel any obligations to make further loan advances. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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