Master Credit Facility

Definition

Master Credit Facility. A pool of credit facilities is combined into a Master Credit Facility for more efficient management of credit.

This cannot be sold as a pool based security. The credit facilities are pooled, or brought together, purely for management purposes. Given that the semantics of Pool is that a pool is brought together to achieve some business goal, as distinct to being brought together for management purposes, this term does not follow the archetype of Pool although it is similar in many respects.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.