Swingline Loan


Swingline Loan
A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.

You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.


Investment dictionary. . 2012.

Look at other dictionaries:

  • swingline loan — USA A swingline facility is a sub limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, in smaller amounts, on shorter notice and with a higher interest rate than is otherwise… …   Law dictionary

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  • swingline bank facility — swingline loan A facility that enables a borrower to avail itself of funds at very short notice, usually on a same day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi option facility …   Accounting dictionary

  • swingline bank facility — swingline loan A facility that enables a borrower to avail itself of funds at very short notice, usually on a same day basis, often to cover shortfalls in other credit arrangements. It may form part of a multi option facility …   Big dictionary of business and management

  • swingline facility — USA A swingline facility is a sub limit of a syndicated revolving credit loan whereby a lender makes a short term (operating not more than five days) loan, in smaller amounts, on shorter notice and with a higher interest rate than is otherwise… …   Law dictionary

  • swingline — A swingline facility is a very short term (not more than five days) bridging loan which can be drawn down on the same day a drawdown request is made. Its purpose is to guarantee that the borrower will have enough money, in the correct currency,… …   Law dictionary

  • short interest — The withholding tax system that applies to UK borrowers only requires income tax to be withheld from yearly or annual interest. Short interest can always be paid gross. Interest is annual or yearly interest, in general, if the debt on which it is …   Law dictionary

  • Museum of Modern Art — This article is about the museum in New York City. For other museums, see Museum of Modern Art (disambiguation). Coordinates: 40°45′41″N 73°58′40″W / 40.761484°N 73.977664°W …   Wikipedia


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