Definition

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 Credit may revolve by value, time or both.

Share it:  Cite

More from this Section

  • Multibuyer policy
    Multibuyer policy is a policy which is administered by the Ex-Im bank that provides credit ...
  • Excess demand
    ...
  • Loans
    A loan is a kind of advance or is the lending of money from one individual, organization ...
  • IPO
    Initial public offering (IPO) is a type of public offering in which shares of a company ...
  • Working Capital Guarantee Program
    Working Capital Guarantee Program refers to a program conducted by the Ex-Im Bank that ...