Either/or facility(redirected from Either Or Facility)
An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A loan agreement whereby a bank allows a customer to borrow a certain amount of money, either in the domestic currency from one of its domestic branches or in a eurocurrency from one of its foreign branches.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved