backup credit |
|
Definition
Parallel line of credit arranged as a standby facility in case the primary facility becomes unavailable (due to a disaster, for example) or is exceeded.
email to a friend
print this definition
cite this definition
link to this page
backup credit is in the Banking, Commerce & Finance and Disaster Planning & Risk Management subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/backup-credit.html