Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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 — 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 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 — 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 … Big dictionary of business and management
revolving credit — /rɪˌvɒlvɪŋ kredɪt/ noun a system where someone can borrow money at any time up to an agreed amount, and continue to borrow while still paying off the original loan. Also called open ended credit … Dictionary of banking and finance
revolving credit — /rɪˌvɒlvɪŋ kredɪt/ noun a system where someone can borrow money at any time up to an agreed amount, and continue to borrow while still paying off the original loan … Marketing dictionary in english
revolving 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 facility — A committed facility allowing a borrower to draw down and repay amounts (up to a limit) for short periods throughout the life of the facility. Amounts repaid can be re borrowed, thereby combining some of the flexibility of the overdraft facility… … Law dictionary
convertible revolving credit — A revolving credit that can be converted by mutual agreement into a fixed term loan … Big dictionary of business and management
Credit history — This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score (United States). Credit history or credit report is, in many countries, a record of an… … Wikipedia
