Meaning Backup Line of Credit
What does Backup Line of Credit mean? Here you find 2 meanings of the word Backup Line of Credit. You can also add a definition of Backup Line of Credit yourself
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Backup Line of CreditA 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.
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Backup Line of CreditA 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.
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