0
Johnleo Posted 16 years ago
Vocabulary
Secure bank credit-line
On August 13th it was Canada's turn to take centre stage in the drama, when Coventree, a niche Canadian investment bank, declared it was seeking liquidity funding of up to C$700m ($660m). The same day, 17 other Canadian funds sought to secure bank credit-lines. Coventree claimed some of its liquidity providers had refused to provide needed cash, without specifying who they were.
What does it mean by secure bank credit-line? What's the relationship between the bank and 17 other funds? Is it that the investment bank gets funding from those funds? Are these funds liquidity providers? Thank you.
What does it mean by secure bank credit-line? What's the relationship between the bank and 17 other funds? Is it that the investment bank gets funding from those funds? Are these funds liquidity providers? Thank you.
Top answer
To secure is to obtain. They're looking for cash. In this case, "investment bank" and "fund" are synonomous.
- To secure is to obtain.
- They're looking for cash.
- In this case, "investment bank" and "fund" are synonomous.
- They were the first to make this move.
- 17 others followed.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
To secure is to obtain.
They're looking for cash.
In this case, "investment bank" and "fund" are synonomous.
They were the first to make this move. 17 others followed.
A credit line is like having a credit card which allows you to withdraw cash when you need it (liquidity).
Liquid assets are ones which can easily be converted to cash.
An investmen
They're looking for cash.
In this case, "investment bank" and "fund" are synonomous.
They were the first to make this move. 17 others followed.
A credit line is like having a credit card which allows you to withdraw cash when you need it (liquidity).
Liquid assets are ones which can easily be converted to cash.
An investmen
00
Related Questions