Definition of Committed facility - Finance dictionary
Committed facility(See Chapter 22 of the Vernimmen)
A committed facility is one of the types of credit facilities. It is a legally enforceable agreement that binds the bank to lend up to the stated amounts. Credit lines are one of the widely used types of committed facilities.
Committed facility(See Chapter 22 of the Vernimmen)
A committed facility is one of the types of credit facilities. It is a legally enforceable agreement that binds the bank to lend up to the stated amounts. Credit lines are one of the widely used types of committed facilities.
Committed facility(See Chapter 22 of the Vernimmen)
A committed facility is one of the types of credit facilities. It is a legally enforceable agreement that binds the bank to lend up to the stated amounts. Credit lines are one of the widely used types of committed facilities.