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Home > Terms > English, UK (UE) > Accordion facility
Accordion facility
It allows the borrower to contact a number of syndicate members (or all of them) after signing and request an addendum of available commitment. The borrower may persuade a few banks to lend more, which means that the other syndicate members cannot dispute any increased commitment added to the loan.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Law
- Category: Legal; Loan & advances
- Company:
- Product:
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