Revolving credit

Revolving Credit
Financial Dictionary - Loans - Revolving Credit
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Revolving Credit ...

Revolving credit agreement
A legal commitment wherein a bank promises to lend a customer up to a specified maximum amount during a specified period. ...

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Revolving Credit
line of credit against which funds may be borrowed at any time, with regular scheduled repayments of a predetermined minimum amount.
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Revolving credit:
A credit which can be automatically renewed without additional negotiation with the bank.

Revolving Credit:
Credit that you can use from time to time to buy various goods or services of varying cash value (also called vendor credit).
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Revolving Credit. In commercial lending, an agreement between the creditor and debtor allowing the borrower to draw down funds up to a stated maximum for a stated period.

Revolving credit
A revolving credit arrangement allows you to borrow up to your credit limit without having to reapply each time you need cash. As you repay the money you have borrowed, it is available to be borrowed again.

Revolving Credit
A type of credit line that does not have a specified repayment schedule, but may require a minimum payment to cover interest and contribute to paying off the principal.

Revolving credit - Refers to a line of credit that has been extended to customers who may then use it as often as they desire up to a certain predetermined monetary amount.

Revolving Credit Agreement: A legal commitment on the part of a bank to extend credit up to a maximum amount for a definite term. The notes evidencing debt are short term, such as 90 days.

revolving credit
Commercial banking: contractual agreement between a bank and its customer, usually a company, whereby the bank agrees to make loans up to a specified maximum for a specified period, usually a year or more.

Revolving credit and term loan bank facilities
Fixed and floating rate senior secured notes
Subordinated notes (with and without warrants)
Redeemable preferred stock with warrants
Convertible debt and preferred stock
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Revolving Credit - a letter in which the issuing bank notifies the seller of the merchandise that the amount involved when utilized will again become available, usually under the same terms and without issuance of another letter.

Revolving credit without maturity.
Exact interest
Interest paid based on the basis of a 365-day/year schedule by a bank or other financial institution as opposed to a 360-day basis (ordinary interest).

Revolving credit without maturity.
Exact matching
A bond portfolio management strategy that involves finding the lowest cost portfolio generating cash inflows exactly equal to cash outflows that are being financed by investment.

Revolving credit without maturity.
Evergreen funding
A British term referring to the gradual injection of capital into a new or existing enterprise.

Revolving Credit:
A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services.

non-revolving credit card A credit card that requires the borrower to pay off the full balance at the end of each month. non-statutory stock option A type of employee stock option that is beneficial for the employer from a tax...

Credit Line: A revolving credit agreement allowing a person to borrow any amount up to a pre-approved limit for purchases or cash advances.

Evergreen credit
Revolving credit without maturity.
Evergreen funding
A British term referring to the gradual injection of capital into a new or existing enterprise.

EVERGREEN CREDIT - Revolving credit without maturity.
EVERGREEN FUND - a fund that reinvests its profits in order to ensure the availability of capital for f...

Line of Credit: Revolving credit extended to an individual by a financial institution. It may be secured or unsecured. Rates are ordinarily better than credit cards.

A British term that describes a revolving credit arrangement in which the borrower periodically renews the debt financing rather than having the debt reach maturity.
2. The gradual infusion of capital into a new or recapitalized enterprise.

Average Balance: For revolving credit, such as credit cards, and certain types of deposit accounts, such as a money market or savings account, this is the balance on which interest is charged or paid.

The balance should not be confused with the monthly payment (the minimum payment allowed each month), which is generally 2% - 5% for revolving credit cards. Balance Transfer Moving a balance (debt) from one credit card to another.

Adjusted balance is a method used to calculate monthly finance charges, usually on a revolving credit card account. The formula uses the end-of-period account balance, after all credits have been posted, to calculate the finance charges.

Home Equity Line of Credit - A form of revolving credit whereby one's home serves as collateral.
Home Equity Loan - A fixed-term loan based on the equity in the mortgagor's house.

Contract between a lender and a borrower. See also Indenture; Revolving Credit; Term Loan.
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The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit - such as credit cards. Under the method, extra cash is dedicated to paying debts with the smallest amount owed.[2] ...

A line of credit, sometimes called a bank line, is the most you can borrow under a revolving credit arrangement with a credit card issuer, bank, or mortgage lender.

It's the same story in home lending and also in credit cards where credit lines and revolving credit arrangements are being terminated or refused.

A line of credit that may be used repeatedly up to a certain limit, also called a charge account or revolving credit.
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A loan extended by a bank for a specific purpose. Lines of credit and revolving credit agreements involve by contrast loans that can be used for various purposes.
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Open end credit means a line of credit that can be used a number of times, up to a certain limit. Another name for this type of credit is charge account or revolving credit.
Payee
Payee is the person to whom the money is to be paid by the payer.

agreement with a phi financial institution that gives a borrower the use of money up to a specified limit for an indefinite time as long as repayment of the outstanding balance and finance charge proceeds on schedule; also known as revolving credit ...

that permits corporate borrowers to consistently pay their overhead and other expenses despite seasonal components of revenue generation. Seasonal credit is usually presented as a line of credit and then becomes classified as revolving credit.

Evergreen credit Revolving credit without maturity. Ex post return Related: Holding period return Exact matching A bond portfolio management strategy that involves finding the lowest cost portfolio generating cash inflows exactly equal ...

Lines of credit and revolving credit agreements involve by contrast loans that can be used for various purposes. Transaction tax Applies mainly to international equities. Levies on a deal that foreign governments sometimes charge.

See also: Banks, Revolving credit agreement, Expense, Project Financing, Funding