backup credit

/'bækʌp ˌkredɪt/ noun
credit provided by banks for a eurocurrency note

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Credit money — is any claim against a physical or legal person that can be used for the purchase of goods and services.[1] Examples of credit money include personal IOUs, and in general any financial instrument or bank money market account certificate, which is …   Wikipedia

  • Backup — For other uses of Backup , see Backup (disambiguation). In information technology, a backup or the process of backing up is making copies of data which may be used to restore the original after a data loss event. The verb form is back up in two… …   Wikipedia

  • Backup Line — A line of credit used by a bank to cover any issue of commercial paper for which financing from new paper may not be available. A backup line of credit effectively provides an alternate source of liquidity for the issuer and a source of credit… …   Investment dictionary

  • backup line — A commercial paper issuer s bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible. Bloomberg Financial Dictionary …   Financial and business terms

  • backup line — / bækʌp laɪn/ noun credit provided by banks against the security of commercial bills of exchange which are about to mature …   Dictionary of banking and finance

  • backup line of credit — A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank. Bloomberg Financial Dictionary …   Financial and business terms

  • Standby Line of Credit — A sum of money, not to exceed a predetermined amount, that can be borrowed in part or in full from a credit granting institution if the borrower needs it. In contrast, an outright loan would be a lump sum of money that the borrower intended to… …   Investment dictionary

  • Economy of Mexico — Going clockwise and starting from the upper left image: Port of Veracruz, Puerta de Hierro in Guadalajara Business District, Mastretta MXT automobile by Mexican automaker Mastretta, Pemex Oil platform in the …   Wikipedia

  • PlayStation 3 — PS3 redirects here. For other uses, see PS3 (disambiguation). PlayStation 3 …   Wikipedia

  • Plug-in hybrid — The Chevrolet Volt is the first mass production plug in hybrid available in the United States. A plug in hybrid electric vehicle (PHEV), plug in hybrid vehicle (PHV), or plug in hybrid is a hybrid vehicle which utilizes rechargeable batteries, or …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.