revolving loan

  

Definition

Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans. Also called evergreen loan.

Use revolving loan in a sentence

Related Videos




http://www.businessdictionary.com/definition/revolving-loan.html

Have a question about revolving loan? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z