Syndicate: Difference between revisions
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imported>Doug Williamson m (Expand to say "(or appetite)".) |
imported>Doug Williamson m (Full stop added after collectively) |
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'''1.''' ''Noun''. | '''1.''' ''Noun''. | ||
A group of lenders - often banks - acting collectively | 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. | ||
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* [[Syndicated loan]] | * [[Syndicated loan]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
Revision as of 22:23, 11 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.
