an agreement in which a lender (usually a bank) sets out the terms under which it is willing to lend money to a borrower (usually a business) to help them meet their business needs This is a limited overview – please sign up or subscribe to know everything we know about the term “credit agreement”. “A three-year loan facility has been granted to support the Greek government`s efforts to get its economy back on track.” Try the template and order our digital course book, English for Law, with a big discount! Save time and money for you and your customers with our unique knowledge database.