Uncommitted Facility

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Dictionary Says

Definition of 'Uncommitted Facility'

A credit facility with no restrictions placed upon the lending institution regarding the amount of funds to be lent.
Investopedia Says

Investopedia explains 'Uncommitted Facility'

Under this arrangement, the lending institution is not under any obligation to provide a specific sum to the borrowing company. Furthermore, the borrowing company is not subject to conditions set by the lending institution.

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1 Year Jumbo CD 0.66% 0.67%
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$100K HELOC 4.13% 4.13%
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30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
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3/1 ARM 2.69% 2.69%
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60 Month New Car Loan 3.35% 3.34%
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