The credit facility
Example: Credit facility provides access to funds under agreed borrowing conditions
Definition
"The credit facility" refers to an arrangement between a financial institution and a borrower that allows the borrower to access funds up to an agreed limit under specified terms and conditions, often to support business operations or manage cash flow.
Etymology
The term "the credit facility" combines 'credit', derived from the Latin 'creditum' meaning 'a loan' or 'thing entrusted', and 'facility', from Latin 'facilitas', meaning 'ease' or 'aptitude'. Together, they describe a financial product designed to facilitate borrowing with ease.
Learn to use this word actively
"The credit facility" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
Would you like to not only understand these words, but also remember them and use them actively? Create a free account and select English as the language you want to learn.
Create a free account
