A credit arrangement in which the lending institution is not under obligation to provide a specific amount to the borrower. Arrangements of this nature can be a way for a bank to indicate willingness to provide a loan to a potential customer.
Related information about uncommitted facility:
- Uncommitted Facility Definition | Investopedia
An agreement between a lender and a borrower whereby the lender agrees to make funding available to the borrower, but is under no obligation to provide a ...
- Uncommitted Facility - Financial Dictionary - The Free Dictionary
An agreement between a bank and a company or, rarely, an individual to provide an unspecified amount in loans on demand from the borrower. The borrower is ...
- What is uncommitted facility? definition and meaning
Definition of uncommitted facility: A credit arrangement in which the lending institution is not under obligation to provide a specific amount to the borrower.
- Uncommitted Facility: Definition from Answers.com
Uncommitted Facility A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
- uncommitted facility - Legal English Dictionary
an extension of credit whereby the lender is not obligated to lend any specific sum to the borrower; a credit facility with no obligations placed upon the lender as ...
- PLC - Corporate loan facilities: a quick guide
It is generally an uncommitted facility. This means that the lender (which may be a bank or other financial institution) has discretion whether to lend, even after ...
- Terms & Conditions for Uncommitted Facility for Bond, Guarantee, L ...
Ulster Bank Ireland Limited - General Terms and Conditions for Uncommitted Facility for Bond/ Guarantee/Letter of Credit Issuance. 1. INTRODUCTION 1.1 This ...
- Uncommitted Facility Definition
Uncommitted Facility Credit facilities that do not impose restrictions on lending institutions with regard to fund amounts that can be lent. Random.