Standby: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create page. Source: Handbook of International Financial Terms.) |
(No difference)
|
Latest revision as of 10:54, 8 July 2021
Contract - funding - liquidity.
An agreement that depends on a contingency, or the exercise of an option, to come into effect.
A commitment fee will generally be payable by the party enjoying the benefit of the assurance of the standby arrangement.
