facility agent
C1CEFR level
85/100Rarity: very rare
TechnicalRegister
The bank that administers a syndicated loan on behalf of the lenders, channelling payments, notices and communications between the parties.
All repayments must be made to the facility agent for distribution among the syndicate.
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.
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