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Home > QFINANCE Dictionary > Definition of backup credit

Definition of

backup credit

Banking

secondary source of credit a line of credit to be used as a standby should the primary credit source become unavailable.

Related definitions of "backup credit"

Definitions of ’backup credit’ and meaning of ’backup credit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’backup credit’ and other financial terms with our online QFINANCE Financial Dictionary.

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