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Revolving Line of Credit
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| - | A bank line of credit for a specific amount. Once repaid, the money can be continually re-borrowed, in whole or in part, so long as the credit limit is not exceeded. Also known as a revolver. | + | A bank line of credit for a specific amount. Once repaid, the money can be continually re-borrowed, in whole or in part, so long as the credit limit is not exceeded. Also known as a [[Revolver]]. |
Revision as of 12:14, 24 November 2009
A bank line of credit for a specific amount. Once repaid, the money can be continually re-borrowed, in whole or in part, so long as the credit limit is not exceeded. Also known as a Revolver.