Meaning of the word "credit facility" in English
What does "credit facility" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
credit facility
US /ˈkrɛdɪt fəˈsɪlɪti/
UK /ˈkrɛdɪt fəˈsɪlɪti/
Noun
a type of loan or credit arrangement that allows a business or individual to borrow money up to a certain limit over a specified period, often with flexible repayment terms
Example:
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The company secured a credit facility to fund its expansion plans.
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Access to a flexible credit facility can be crucial for small businesses.
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