Words / A / Law

availability period

phrase

C1CEFR level
65/100Rarity: rare
TechnicalRegister

The window during which the borrower is permitted to draw down a facility, after which the undrawn commitments are cancelled.

Any commitment not utilised by the end of the availability period will lapse automatically.

Similar: commitment period

Topic: Banking & finance law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

Get words like availability period on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More law words: Banking & finance law