swingline bank facility

swingline bank facility
= swingline loan
A facility that enables a borrower to avail itself of funds at very short notice, usually on a same-day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi-option facility.

Big dictionary of business and management. 2014.

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Look at other dictionaries:

  • swingline bank facility — swingline loan A facility that enables a borrower to avail itself of funds at very short notice, usually on a same day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi option facility …   Accounting dictionary

  • swingline loan — swingline bank facility …   Accounting dictionary

  • Swingline facility — Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper with eurocommercial paper. The New York Times Financial Glossary …   Financial and business terms

  • swingline facility — Bank borrowing facility to provide finance while the firm replaces US commercial paper with eurocommercial paper. Bloomberg Financial Dictionary …   Financial and business terms

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