revolving line of credit

Definition

Popular Terms

A type of credit account in which the lender issues a specific amount of credit that is available on demand by a borrower. It is revolving because the borrower only pays interest on the amount borrowed, and as the balance is paid down, the credit becomes available again.

immediate famil...

ex works

repo rate

payment terms

accounting conc...

financial manag...

letter of credi...

private limited...

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