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Either/or facility

• An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.

• An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.

 
 Embedded terms in definition
 Borrow
Eurodollars
Foreign
Its
 
 Related Terms
 Committed facility
International banking facility
Multi option financing facility
Note issuance facility
Swingline facility

<< Either way market Elasticity >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

To handle yourself, use your head; to handle others, use your heart. Donald Laird

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