What is STANDBY NOTE ISSUANCE FACILITY (SNIF)?

The assumption of liability by a bank that receives a fee for guaranteeing payment to investors in the event a firm doesn

More On This Topic



Link to This Definition
Did you find this definition of STANDBY NOTE ISSUANCE FACILITY (SNIF) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary