Banking & Finance

repayment

The payment of loan principal to the lender that is due in accordance with the terms of the loan agreement, usually in installments according to a sch [...]

repayment2024-09-11T14:27:03+02:00

multicurrency option

The right of the borrower under a multicurrency facility agreement to raise funds under the same facility in a currency different to the base currency [...]

multicurrency option2024-09-11T14:27:02+02:00

optional currency

Any currency other than the base currency in a multicurrency facility agreement in which the facility can be drawn down. [...]

optional currency2024-09-11T14:27:01+02:00

drawdown

The borrower’s making use of a financing facility, it being an advance from the borrower’s perspective. [...]

drawdown2024-09-11T14:27:00+02:00

advance

The amount of credit extended to a borrower in a single drawing, the term generally being used in loan documentation to identify the different portion [...]

advance2024-09-11T14:26:59+02:00

availability

The amount of financing (total commitment) that lenders are obligated to make available for borrower drawdown during the facility's availability perio [...]

availability2024-09-11T14:26:58+02:00
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