revolving credit

revolving credit
A bank credit that is negotiated for a specified period; it allows for drawdown and repayment within that period. Repaid amounts can be redrawn up to the agreed limit of the credit. At the end of the loan period there is a bullet repayment of the principal and any outstanding interest; alternatively, a repayment schedule is negotiated for the outstanding principal and interest. In the USA a revolving credit is called an open-end credit. See also convertible revolving credit

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  • revolving credit — re·volv·ing credit n: a credit which may be used repeatedly up to the limit specified after partial or total repayments have been made Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. revolving credit …   Law dictionary

  • revolving credit — ➔ credit1 * * * revolving credit UK US noun [C or U] ► FINANCE, BANKING REVOLVING LINE OF CREDIT(Cf. ↑revolving line of credit): »The recent sharp increase in bankruptcy filings has been primarily caused by revolving credit …   Financial and business terms

  • Revolving credit — is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide… …   Wikipedia

  • revolving credit — credit automatically available up to a predetermined limit while payments are periodically made. Cf. credit line (def. 2). [1915 20] * * * ▪ finance       system of retail credit in which the buyer makes periodic payments to an account to which… …   Universalium

  • Revolving Credit — Bei einem Revolvingkonto (oder Revolving Credit) handelt es sich um ein Konto, das ausschließlich im Minus (Soll) geführt wird. Es wird häufig kombiniert mit einer Zahlungskarte (z. B. einer Kreditkarte). Nach Einrichtung des Kontos werden die in …   Deutsch Wikipedia

  • revolving credit — atnaujinamasis kreditas statusas T sritis Gynyba apibrėžtis Kreditas, kuris gali būti išnaudojamas iki nustatytos ribos, o pasiskolinta suma kompensuojama arba sumažinama grąžinant. atitikmenys: angl. revolving credit šaltinis NATO mokymų ir… …   Lithuanian dictionary (lietuvių žodynas)

  • revolving credit loan — USA revolving credit loan, Also known as revolving credit facility, revolving loan and revolver. A committed loan facility allowing a borrower to borrow (up to a limit), repay and re borrow loans. See also revolving …   Law dictionary

  • revolving credit facility — an arrangement (usually with a bank) that requires the borrower to undertake to make regular periodic payments into a designated account in return for the facility to borrow on that account up to a specified sum, the amount of which is usually… …   Law dictionary

  • revolving credit facility — UK US noun [C] ► FINANCE, BANKING an arrangement between a bank and a business that allows the business to borrow a particular amount of money, and then to borrow more money if part of the original loan is paid back: »Renewal of the company s… …   Financial and business terms

  • Revolving Credit Facility — Der Kontokorrentkredit (ital.: conto = Rechnung, corrente = laufend; engl. Revolving credit facility / RCF) ist ein revolvierendes Bankdarlehen, also ein Kredit, der während eines festgelegten Zeitraumes zurückgezahlt und wieder beansprucht… …   Deutsch Wikipedia

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