Facility agreement
The contract setting out the terms of a lending facility, including borrowing limits, interest, repayment, covenants, security and default provisions.
Related terms
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Loan agreement
The contract setting out the terms of a loan, including amount, repayment, interest, security, covenants and default rights.
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Credit agreement
A contract setting out the terms on which credit is provided, including repayment, interest, charges and any security.
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Credit facility
An agreed source of borrowing that can be drawn subject to set limits and conditions, such as an overdraft or revolving loan.
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