Billion and Revolving borrowing facility: Difference between pages

Revision as of 14:36, 9 September 2017

Any facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.

The flexibility for the borrower is subject to the terms of the facility.

Examples of revolving borrowing facilities include overdrafts and revolving credit facilities.

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+Any facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.
-One thousand million (1,000,000,000 or 10<sup>9</sup>).
+The flexibility for the borrower is subject to the terms of the facility.
-For example
+Examples of revolving borrowing facilities include overdrafts and revolving credit facilities.
-EUR 100 billion = EUR 100,000,000,000.
-Often abbreviated to 'bn' or 'Bn'.  For example EUR 100bn.
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-Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>).
-This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
 == See also ==
-* [[Trillion]]
+* [[Overdraft]]
+* [[Revolving credit facility]]