REVOLVING LINE OF CREDIT


Meaning of REVOLVING LINE OF CREDIT in English

A bank line of credit on which the customer pays a commitment fee and can take down and repay funds according to his needs. Normally the line involves a firm commitment from the bank for a period of several years.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.