Business, Legal & Accounting Glossary
A relatively new type of loan that allows U.S. companies to borrow up to $10 million from European banks. With this type of loan, a group of European banks form a pool whose sole purpose is to lend money to a U.S. company. The loan is usually secured by stock in the U.S. company.
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This glossary post was last updated: 20th November, 2021 | 0 Views.