Evergreen facility

Definition:

A facility that allows the borrower (with the consent of the lenders) to extend a 364 day revolving facility for another 364 days.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Financial meltdown

Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.

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