Swingline Loan

What does it Mean? A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.
Investopedia Says... You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.

Terms Related Links

Demand Deposit
Line of Credit
Loan
Open-End Credit

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