Select Page

Definition of Credit Facility Agreement

A credit facility agreement is a contract between a borrower and a lender that outlines the terms and conditions of a loan or line of credit. In this agreement, the lender agrees to provide the borrower with a specified amount of money, while the borrower...

Vat on Settlement Agreement

Value-added tax (VAT) is a consumption tax that is applied to goods and services. It is charged on the value added to a product or service by each stage in its production process. VAT is an essential source of revenue for many governments and is used to...