Revolving credit agreement

 

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Revolving credit agreement

A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period.



Revolving credit agreement

Similar Matches

Revolving line of credit

Revolving line of credit

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 from the bank for a period of several years.


Certificates of Amortized Revolving Debt (CARD)

Certificates of Amortized Revolving Debt (CARD)

Pass-through securities backed by credit card receivables.




 
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