corporate credit

Definition

A contractual agreement in which a corporation receives value, usually in the form of a financial loan, and must repay the institution from which it received the loan or other items as per the terms of the agreement.

Use corporate credit in a sentence

You may want to try and take on a corporate credit that may allow you to start a new project you could not afford.

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The corporate credit agreement was really cool, and I liked the fact that it was contractual and that made it even more interesting.

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My company's board of directors agreed to sign an agreement for corporate credit from an investment bank so that we would have funds to buy inputs for our products.

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