Term:
Standby credit
Definition:
Standby credit is a commitment to lend up to a specified amount for a specific period, to be used only in a certain contingency
Domain:
Finance
Source:
External Debt: Definition, Statistical Coverage and Methodology, A Report by an International Working Group on External Debt Statistics of the World Bank, IMF, BIS, OECD, OECD, Paris, 1988, Glossary
