revolving line
1revolving line of credit — A type of credit facility. A term that can be confusing, with different banks using the term to describe different types of credit facilities. 1. In some banks, revolving line of credit refers to a credit facility that permits the borrower to… …
2Revolving line of credit — A bank line of credit on which the customer pays a commitment fee and can take down and repay funds according to his needs. Normally the line involves a firm commitment from the bank for a period of several years. The New York Times Financial… …
3revolving line of credit — overdraft that is approved for limited periods of time …
4revolving 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 …
5revolving loan — UK US noun [C] ► FINANCE, BANKING REVOLVING LINE OF CREDIT(Cf. ↑revolving line of credit): »Companies that are restructuring are struggling to get revolving loans from lenders …
6non-revolving line of credit — See line of credit …
7line of credit — A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used. (1) A type of loan that permits a …
8Revolving Door (television advertisement) — Revolving Door is a famous negative television commercial made for the 1988 United States Presidential Campaign. Along with the Willie Horton Weekend Passes advertisement, it is considered to be a prime factor in Michael Dukakis defeat by George… …
9revolving 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 …
10Revolving 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… …
