Revolving credit agreement

A legal commitment wherein a bank promises to lend a customer up to a specified maximum amount during a specified period. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • revolving credit agreement — A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. Bloomberg Financial Dictionary …   Financial and business terms

  • Revolving Credit — A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customer s current cash flow needs. Often… …   Investment dictionary

  • revolving credit — Type of consumer credit arrangement which permits a buyer or a borrower to purchase goods or secure loans on a continuing basis so long as the outstanding balance of the account does not exceed a certain limit. Loans are repaid and new loans… …   Black's law dictionary

  • convertible revolving credit — A revolving credit that can be converted by mutual agreement into a fixed term loan …   Big dictionary of business and management

  • credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • Credit (finance) — Domestic credit to private sector in 2005 …   Wikipedia

  • credit line — ˈcredit line also ˌbank (ˈcredit) ˌline, ˌline of ˈcredit noun [countable] BANKING COMMERCE an arrangement with a bank for a loan or a number of loans: • The auto maker is currently negotiating a new $1.8 billion credit line that would replace a… …   Financial and business terms

  • Credit card fraud — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

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