Revolving credit agreement

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

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.

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

A credit line, or line of credit, is a revolving credit agreement that allows you to write checks or make cash withdrawals of amounts up to your credit limit.

Similar financial terms
Revolving credit agreement
A legal commitment wherein a bank promises to lend a customer up to a specified maximum amount during a specified period.
Bottom line
The net profit of a company ...

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.
Transaction Risk ...

A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving credit agreements involve loans that can be used for various purposes.
Transactions costs ...

Transaction loan
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.

Ordinarily, the line is a confirmed letter of credit or a contractual facility (revolving credit agreement or revolving underwriting facility) in place at issue time. Or, it may be cash set aside by the issuer. Abank line typically is a swingline .

property passes directly to the beneficiaries at the time of the grantor's death. Since the arrangement can be altered at any time, the assets are considered part of the grantor's estate and they are taxed as such.
Revolving credit agreement ...

In contrast, lines of credit and revolving credit agreements involve loans that can be used for various purposes. Transaction demand (for money) The need to accommodate a firm's expected cash transactions.

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: Revolving credit, Banks, Letter of credit, Values, Purchase Agreement