revolving bank facility

= standby revolving credit
A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the conditions of the committed facility. The facility can be a bilateral bank facility or a syndicated bank facility

Accounting dictionary. 2014.

Look at other dictionaries:

  • revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… …   Big dictionary of business and management

  • non-revolving bank facility — A loan from a bank to a company in which the company has a period (often several years) in which to make its drawdowns, as well as flexibility with regard to the amount and timing of the drawdowns, but once drawn an amount takes on the… …   Accounting dictionary

  • non-revolving bank facility — A loan from a bank to a company in which the company has a period (often several years) in which to make its drawdowns, as well as flexibility with regard to the amount and timing of the drawdowns, but once drawn an amount takes on the… …   Big dictionary of business and management

  • revolving credit facility — an arrangement (usually with a bank) that requires the borrower to undertake to make regular periodic payments into a designated account in return for the facility to borrow on that account up to a specified sum, the amount of which is usually… …   Law dictionary

  • revolving credit facility — UK US noun [C] ► 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… …   Financial and business terms

  • Revolving Credit Facility — Der Kontokorrentkredit (ital.: conto = Rechnung, corrente = laufend; engl. Revolving credit facility / RCF) ist ein revolvierendes Bankdarlehen, also ein Kredit, der während eines festgelegten Zeitraumes zurückgezahlt und wieder beansprucht… …   Deutsch Wikipedia

  • revolving acceptance facility by tender — RAFT An underwritten facility from a bank to place sterling acceptance credits through the medium of a tender panel of eligible banks …   Accounting dictionary

  • revolving acceptance facility by tender — RAFT An underwritten facility from a bank to place sterling acceptance credits through the medium of a tender panel of eligible banks …   Big dictionary of business and management

  • syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead bank, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …   Accounting dictionary

  • syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead manager, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …   Big dictionary of business and management

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