Definition for : Credit facility

Credit facility is the notion encompassing all types of loans marketed to all sorts of borrowers by lenders. There are four major types of credit facilities: committed facilities; revolving credits; term loans (business loans, syndicated loans); and letters of credit, equipment lines. Also called Lending facility.

(See Chapter 22 Shares of the Vernimmen)

To know more about it, look at what we have already written on this subject