Finance Deals & Syndicated Lending · glossary
The money a business needs for everyday bills, such as wages and suppliers, before its customers pay. Wages fall due every month, but customers pay when they pay, so the gap needs a revolver. Sunrise's revolver may fund it, but never the purchase price. Clause 3.1 · Chapter 3
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Finance Deals & Syndicated Lending and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Finance Deals & Syndicated Lending → · All terms A–Z →