Multi-Currency Line of Credit(redirected from Multi Currency Credit Line)
Multi-Currency Line of Credit
A line of credit on which a company may draw in one of several currencies. For example, the company may borrow from the same credit line in either U.S. dollars or euros, depending on its specific needs at the moment. A multi-currency line of credit may save a multinational corporation the time and expense incurred in foreign exchange transactions.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved