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 Glossary   >   E   >   "Either/or facility" Definition   

        Either/or facility

An agreement permitting a bank customer to borrow either domestic dollars from the banks head office or Eurodollars from one of its foreign branches.

Either/or facility


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Either/or facility - An agreement permitting a bank customer to borrow either domestic dollars from the banks head office or Eurodollars from one of its foreign branches.


Either/or facility : an agreement permitting a bank customer to borrow either domestic dollars from the banks head office or eurodollars from one of its foreign branches.