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Backup line

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Backup line
A commercial paper issuer's bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible.


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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
For example, if the program is protected by a 15 percent credit enhancement, a liquidity backup line of 85 percent will be necessary.
Asset-backed commercial paper programs by Edwards, Gerald A., Jr. / Federal Reserve Bulletin
OTCBB:VSUS) whereby its Spare Backup subsidiary will bundle VSUS "MyOneScreen" Web application into its Spare Backup line of products.
Newport International Group's Spare Backup Subsidiary in Agreement to ... by Business Wire
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