facility agreement
C1CEFR level
75/100Rarity: rare
TechnicalRegister
The principal contract between a borrower and one or more lenders setting out the terms on which credit is made available.
The facility agreement was drafted on the LMA standard form for leveraged transactions.
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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