# Global credit arrangement, framework credit, global credit line; blanket loan

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- Post ID: 593691
- Modified: 2023-07-25T21:00:06+00:00
- Language: en

## Definition

A loan that can be drawn down - by a customer of the bank, usually a company or a public body - in installments up to the specified maximum line (ceiling) - within a contractually defined period of time. A framework loan normally has a variable interest rate and can usually be repaid early without further ado. In this sense, it is also referred to as a call credit facility. - A loan or mortgage granted by a bank for a larger project, which is divided into smaller units by the customer. Such loan agreements are particularly common for large-scale housing and housing development projects (frequently used by developers who have purchased a single tract of land intending to subdivide into individual parcels). - See user fee, blank credit, land credit institution, refugee settlement credit, melioration credit, seehandlung, settlement credit, social mortgage bond, housing credit. - Cf. ECB Monthly Bulletin, May 2001, p. 58. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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