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Revolving line of credit |
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Revolving line of creditA 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.Revolving line of credit Similar MatchesCertificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Revolving credit agreementRevolving credit agreementA legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. |
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