Examlex
What is a many labs approach?
Line of Credit
An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.
Commitment Fee
A fee charged by a lender to a borrower for an unused credit line or undisbursed loan, serving as compensation for keeping funds available.
Commitment Fee
A fee charged by a lender to a borrower for an agreed loan that has not yet been utilized, ensuring the availability of the loan for a specified period.
Revolving Credit Agreement
A credit facility extended by a lender to a borrower that allows the borrower to draw down or withdraw, repay, and redraw loans advanced to it up to a certain agreed amount.
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