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Swingline Loan
What does it mean?
A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.
In Other Words...
You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.
Related Links
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Related Terms
Demand Deposit | Line of Credit | Loan
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