Syndicate

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Revision as of 15:33, 8 November 2013 by imported>Doug Williamson (Expand to say "(or appetite)".)
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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.


See also