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Related Definitions
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 Credit Revolving Credit is a documentary credit which, after notice of drawing against it is received by the issuing bank, the balance available for