credit
An agreement to make money available and an off-balance sheet item of the lender, it becoming a loan once drawn down. [...]
loan
Money that has actually been lent and reported on the balance sheet as a financial asset of the lender, it resulting from credit that has been drawn d [...]
facility
A credit and/or loan agreement. [...]
information asymmetry
The monitoring and proprietary information a company has as a result of the special relationship with clients and customers. [...]
highly leveraged loan
A loan with a margin of + 225 basis points (L+225) or higher over LIBOR. [...]
leveraged loan
1. A loan rated BB+ or lower, making it speculative or non-investment grade. 2. A nonrated loan that has a margin of + 125 basis points (L+125) or hig [...]
