Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does standby facility mean?

SEARCHING
Suggestion/Report Error
standby facility
Noun


An ancillary facility made available to the borrower up to a certain amount and for a given period to be drawn upon only in a certain contingency and on short notice, commonly under a letter of credit.

Synonym(s): 
  • backstop facility.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;