revolving underwriting facility (RUF)

Definition

A credit facility that requires an agreement between an issuer (borrower) and an underwriting bank, providing the borrower with contingent liability in the event the borrower is unable to sell their euro notes. The banks agree to buy the unsold euro notes at a previously agreed price.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
revolving loan Reykjavik Interbank Offered Rate (REIBOR)