Backup Line of Credit

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A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.

Backup Line of Credit

A bank's guarantee of an issuer's commercial paper. Commercial paper is a short-term, unsecured debt security usually issued by a company with a very high credit rating. As a result, commercial paper is very low-risk. The backup line provides additional security for the paper, but usually does not provide credit for the full value of the paper. The issuer pays a fee to the bank for the backup line.

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Backup Line			Getting paid eight [basis points] for a backup line of credit - that's no way to make a living," moans Shufeldt at SunTrust. Tough Times/Tougher Banks: Bank consolidation and the recession have ... by Milligan, Jack / Financial Executive In fact, instead of providing liquidity directly to a large firm, a bank provides a backup line of credit that can be drawn down in case the firm's commercial paper cannot be refinanced. Do we still need commercial banks? by Rajan, Raghuram G. / NBER Reporter OPC has sufficient liquidity, with a backup line of credit of $450 million that expires in July of 2012. Fitch Rates Oglethorpe Power Corp.'s $250MM Series 2009A FMBs 'A'; ... by Business Wire			Back-to-Back Financing back-to-back lease Back-to-Back Letter of Credit Back-to-Back Loan Back-to-Back Swap Back-Up Withholding Backbone Backdating Backdoor Borrowing Backdoor Listing Backed In Backer Card backfill Backflush Costing Background Background Investigation Background Music Background Notes Background Processing Backing Away Backlighting Backlog Backspread backup contract Backup Line Backup Line of Credit Backup Space Backup Tape Backup Withholding Backup Withholding Rate Backward Integration Backward-Bending Supply Curve Backwardation Backwardation Swap Bad Bank Bad Break Bad Debt Bad Debt Expense Bad Debt Recovery Bad Debts Bad Delivery Bad Faith Bad Risk bad title Bad-Pay List Baden-Wuerttemburg Mint Badges of Trade Baffle Bag Man Bag of Sand Bag Tag			Backup Exec Backup Exec for NetWare Backup Exec for Windows Servers Backup Exec System Recovery Backup Exec System Recovery Manager Backup Exec Web Administration Console Backup Exec Windows NT Backup Explicit Route Object Backup Express backup feedlot backup feedlot backup file backup file Backup Flight Control Backup Flight Control System Backup Flight Controller Backup Flight Software Backup Flight System Backup generator Backup Heading Reference Backup Impact Prediction System Backup Information Display System Backup Intercept Control Backup Iron Sight Backup Lightpath Backup line Backup Line of Credit Backup Lines Backup Lines of Credit backup man Backup Master Control Station Backup Memory Backup Memory Power Supply Backup Memory Transfer Backup Mission Control Station Backup on Demand Backup Operating System Backup Operations Command Center Backup Optical Unit Backup Path Backup Path Adjustment Backup Path Reservation Backup Path Reservation Problem Backup power Backup power station Backup power station Backup Power Supply backup program Backup Project Operations Control Center backup protection Backup proxy Server backup pumpkin

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