Exchange Currency

revolving line of credit

An agreement by a bank to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. also called revolving credit.

Related information about revolving line of credit:
  1. Revolving credit - Wikipedia, the free encyclopedia
    Revolving credit is a type of credit that does not have a fixed number of payments , in contrast to installment credit. Credit cards are an example of revolving credit ...
     
  2. Line of Credit Vs. Revolving Credit | Chron.com
    A revolving line of credit, like a credit card, generally is for smaller business purchases such as booking business travel, buying office supplies or buying a new ...
     
  3. Revolving Credit Definition | Investopedia
    A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, ...
     
  4. What is revolving line of credit? definition and meaning
    Definition of revolving line of credit: An agreement by a bank to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has ...
     
  5. The Basics of Revolving Lines of Credit | SBA.gov
    Jun 30, 2010 ... A revolving line of credit (RLC) is a flexible method of borrowing cash for your small business. It is very similar to a credit card in the sense that ...
     
  6. Revolving Line of Credit - Financial Dictionary - The Free Dictionary
    A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment ...
     
  7. American Capital - - Revolving Line of Credit
    One component of senior debt is almost always a revolving line of credit (RLOC). Banks and finance companies are the primary providers of RLOCs. The two ...
     
  8. Revolving Lines of Credit - Secured Credit Cards - Car Title Loans
    In addition, with a Fidelity One revolving line of credit, you don't have to use the full amount of your credit limit all at once. You can choose to borrow only the ...