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Revolving Line of Credit

Revolving Line of Credit Definition

Revolving Line of Credit, also called revolving credit is an agreement by a financial institution to lend an amount to a borrower, and to allow that amount to be borrowed again after it has been repaid. This type of credit does not have a fixed number of payments.


Additional meaning of Revolving Line of Credit:

Credit cards are the most common examples of revolving credits used by consumers. Corporate revolving credit is usually used to finance a company's day-to-day operations.


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