Swingline Loan

What Does Swingline Loan Mean?
A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.

Investopedia explains Swingline Loan
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.

Related Terms

Demand Deposit
Line of Credit
Loan
Open-End Credit
More Related Terms

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