Translation: from english

revolving line of credit

Look at other dictionaries:

  • revolving line of credit — A type of credit facility. A term that can be confusing, with different banks using the term to describe different types of credit facilities. 1. In some banks, revolving line of credit refers to a credit facility that permits the borrower to… …   Financial and business terms

  • Revolving line of credit — 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. The New York Times Financial… …   Financial and business terms

  • revolving line of credit — overdraft that is approved for limited periods of time …   English contemporary dictionary

  • non-revolving line of credit — See line of credit …   Financial and business terms

  • line of credit — A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used. (1) A type of loan that permits a …   Financial and business terms

  • Warehouse line of credit — A warehouse line of credit is a credit line used by mortgage bankers. It is a revolving line of credit in which a mortgage banker arranges for a loan from a warehouse lender, thenthe original note from the loan is kept by the warehouse lender,… …   Wikipedia

  • Signature line of credit — A signature line of credit is a revolving line of credit that is not backed by collateral; i.e., the sole criterion for the decision to grant the loan and establish the terms thereof is an assessment of the customer s credit rating. Also known as …   Wikipedia

  • Revocable Line Of Credit — A source of credit provided to an individual or business by a bank or financial institution, which can be revoked or annulled at the lender s discretion or under specific circumstances. A bank or financial institution may revoke a line of credit… …   Investment dictionary

  • revolving credit — ➔ credit1 * * * revolving credit UK US noun [C or U] ► FINANCE, BANKING REVOLVING LINE OF CREDIT(Cf. ↑revolving line of credit): »The recent sharp increase in bankruptcy filings has been primarily caused by revolving credit …   Financial and business terms

  • 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

  • revolving loan — UK US noun [C] ► FINANCE, BANKING REVOLVING LINE OF CREDIT(Cf. ↑revolving line of credit): »Companies that are restructuring are struggling to get revolving loans from lenders …   Financial and business terms

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