Meaning Backup line
What does Backup line mean? Here you find 4 meanings of the word Backup line. You can also add a definition of Backup line yourself
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Backup lineA 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.
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Backup lineDefinition An additional line of credit provided to the issuer of commercial paper as a type of insurance plan to cover maturing notes in the event that they are unable to be replaced by selling new n [..]
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Backup lineis a bank promise that a commercial paper issuer will repay the maturing debt.
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Backup lineA 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.
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| << Back-to-back loan | Backup Line of Credit >> |
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