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Investopedia explains 'Uncommitted Facility'
Uncommitted facilities are used to finance seasonal or temporary needs, such as paying creditors to earn trade discounts, single (one-off) transactions, meeting payroll obligations and the needs of seasonal businesses with fluctuating revenues. Uncommitted facilities are generally less costly to arrange (compared with committed facilities), because the lender has no obligation to extend the loan; when financing is made available, it is short term and the credit risk will be comparatively small.
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