Syndicate: Difference between revisions
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imported>Doug Williamson (To create the page. Source: MCT Unit 1, 3.4.1 Sources of Finance p10.) |
imported>Doug Williamson m (Expand to say "(or appetite)".) |
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'''1.''' ''Noun''. | '''1.''' ''Noun''. | ||
A group of lenders - often banks - acting collectively, for example to provide a larger total facility to a borrower than any of the lenders has the capacity to provide individually. | A group of lenders - often banks - acting collectively, for example to provide a larger total facility to a borrower than any of the lenders has the capacity (or appetite) to provide individually. | ||
Revision as of 15:33, 8 November 2013
1. Noun.
A group of lenders - often banks - acting collectively, for example to provide a larger total facility to a borrower than any of the lenders has the capacity (or appetite) to provide individually.
2. Verb.
To increase the number of lenders providing a facility from an initially small group, or a single lender, to become a larger syndicate of lenders.
