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:
- 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 ...
- 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 ...
- 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, ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...