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swingline loan

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Financial Dictionary

Swingline Loan

A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.

Investopedia Commentary

You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.

See also: Demand Deposit, Line of Credit, Loan

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