Home > Term: backup line of credit
backup line of credit
A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Financial services
- Category: General Finance
- Company: Bloomberg
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ผู้สร้าง
- Jessehe
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(V.I.P) 32013 points - 40.13% positive feedback
