Syndicate: Difference between revisions
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imported>Doug Williamson m (Full stop added after collectively) |
imported>Doug Williamson (Layout.) |
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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 (or appetite) 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. | ||
'''2.''' ''Verb''. | '''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. | 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. | ||
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* [[Syndicated loan]] | * [[Syndicated loan]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 14:21, 11 May 2016
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.
