revolving loan

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.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • revolving 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 …   Financial and business terms

  • revolving loan — loan that is automatically renewed at the end of its term …   English contemporary dictionary

  • Revolving Loan Facility — A financial institution that allows the borrower to obtain a business or personal loan where the borrower has the flexibility to decide how often they want to withdraw from the loan and at what time intervals. A revolving loan facility allows a… …   Investment dictionary

  • Revolving Loan Fund — A Revolving Loan Fund (RLF) is a source of money from which loans are made for small business development projects. A loan is made to one person or business at a time and, as repayments are made, funds become available for new loans to other… …   Wikipedia

  • revolving loan — noun A type of loan that is secured against a property and allows the owner to borrow and repay money at his or her leisure. Periodic payments of at least accumulated interest are required but the loan is fully open: may be paid out in whole or… …   Wiktionary

  • revolving loan — A loan which is expected to be renewed (i.e. turned over) at maturity …   Black's law dictionary

  • 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 — 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 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… …   Financial and business terms

  • Revolving 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… …   Financial and business terms

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