Refinancing credit

Temporary and collateralized supply of money by the central bank to ensure institutions’ short-term liquidity. – A loan granted by a state development bank to a bank so that the institution can in turn grant a loan to a specific customer. The final borrower must use the funds for the specified purpose; in particular, the funds may not be used for debt restructuring. – See on-lending, liquidity management, refinancing, refinancing business, longer-term.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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