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Definition of 'Committed Facility'
A credit facility whereby terms and conditions are clearly defined by the lending institution and imposed upon the borrowing company.
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Investopedia explains 'Committed Facility'
In committed facilities, the borrowing companies must meet specific requirements set forth by the lending institution in order to receive the stated funds.
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Is the bond you're buying investment grade, or just junk? Find out how check the score.
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Despite their reputation, the debt securities known as "junk bonds" may actually reduce risk in your portfolio.
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