UK Accounting Glossary
An arrangement with a bank to borrow money as required up to an agreed limit.
An arrangement with a bank allowing a company or organisation to borrow money up to a certain amount.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Bank Facility are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.