credit facility
noun[C]
ukusFINANCE,BANKING
anarrangementbetween abankand abusinessthatallowsthebusinesstoborrowaparticularamountofmoneyfor differentpurposesfor aparticularperiodoftime:
Thesoftwarecompanysaid it willfundtheacquisitionthroughcashbalancesandexistingcreditfacilities.
The firm'screditfacilityexpiresinMarch.
See also
revolving credit facility