bilateral facility
United Kingdom
A loan or other credit facility provided by a single lender to a borrower (or associated borrowers) under the terms of one facility agreement.
A bilateral loan is a loan provided under a bilateral facility but the expression bilateral loan is often used interchangeably with bilateral facility, even when the bilateral facility comprises loan and other facilities (such as a letter of credit facility).
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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