Revolving credit agreement Revolving credit agreement is a commercial bank’s binding promise that the money will be available if the borrowing firm requests it.
Revolving credit line Revolving credit line is a financing arrangement that allows a business customer to borrow up to a specified limit, repay all or a portion of the borrowing, and reborrow as necessary until the credit line matures.
Revolving fund account Revolving fund account is an account that is authorized by specific provisions of law to finance a continuing cycle of business-type operations, and which ...
Revolving Letter of Credit Revolving Letter of Credit is a Letter of Credit in which the value of the Letter of Credit is automatically reinstated upon utilization. A Letter of
Revolving Credit Revolving Credit is a documentary credit which, after notice of drawing against it is received by the issuing bank, the balance available for
Definition
[ p. pr. & vb. n.]