Meaning BACKUP LINE: A commercial paper issuer's bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible
More terms such as Backup line in Dictionary B.
- Definition Beneficiary:
- Examples Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy backup line definition.
- Definition Backdating:
- Examples mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases backup line explain.
- Definition Base Currency:
- Examples Applies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured backup line what is.
- Definition Borrow:
- Examples To obtain or receive money on loan with the promise or understanding that it will be repaid backup line meaning.
- Definition Bump-Up CD:
- Examples A certificate of deposit granting the owner the right to increase its yield one time for the remaining term of the CD. The power is exercised by the owner in the event of an interest rate hike backup line abbreviation.
