| 单词 | revolving credit facility |
| 释义 | revolving credit facility noun[C] ukusFINANCE,BANKING anarrangementbetween abankand abusinessthatallowsthebusinesstoborrowaparticularamountofmoney, and then toborrowmoremoneyifpartof theoriginalloanispaidback: Renewal of the company's £250mrevolvingcreditfacilitywouldalmostcertainlyguaranteeitssurvival. Examplesofrevolving credit facilityrevolving credit facility In arevolvingcreditfacility, 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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