define credit facility
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Explanation:
A credit facility is a type of loan made in a business or corporate finance context. Types of credit facilities include revolving loan facilities, retail credit facilities (like credit cards), committed facilities, letters of credit, and most retail credit accounts.
Answered by
3
Explanation:
A credit facility is a type of loan made in a business or corporate finance context. ... In effect, a credit facility lets a company take out an umbrella loan for generating capital over an extended period of time.
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