Committed Facility

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Definition: Committed Facility

Committed Facility
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Full Definition of Committed Facility

A credit facility where terms and conditions are clearly defined by the lending institution for financially obligating the borrowing company. The borrowing company must meet specific requirements as dictated by the lender in order to be eligible to receive the funds.

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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.

Page URL
https://payrollheaven.com/define/committed-facility/
Modern Language Association (MLA):
Committed Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/committed-facility/.
Chicago Manual of Style (CMS):
Committed Facility. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/committed-facility/ (accessed: April 23, 2024).
American Psychological Association (APA):
Committed Facility. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/committed-facility/

Definition Sources

Definitions for Committed Facility are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.