NIF
NIF: translation
( note issuance facility)
An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets. Bloomberg Financial Dictionary
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NIF NIF FINANCE
written abbreviation for note issuance facility
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Note Issuance Facility.
An NIF allows borrowers to offer short-term paper (usually three or six months) in their own names. Fund availability is guaranteed to the borrower by underwriting banks who buy any unsold notes at successive rollover dates or who provide a standby credit.
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NIF UK US noun [C] FINANCE
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