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. ...
Revolving Line of Credit: Is designed a short-term financing loan. Normally associated with business activities where the interest is linked to the lenders prime rate. ...
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.
Revolving Line of Credit Revolving line of credit is a rule followed by the lender, which binds him to allow a certain credit to the borrower. Rate Risk ...
Revolving Line of Credit An agreement between a lender and a borrower where the lender agrees to loan a specific amount to a borrower. Once the money is repaid, the borrower is allowed to borrow the amount again.
Revolving line of credit offered by banks, savings and loans, and other lenders to consumers. The line of credit is set with a particular limit, after which consumers can borrow using a credit card, check, or cash advance.
Revolving line of credit that is extended with every purchase or cash advance. Open-end lease A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Revolving Line of Credit A credit limit at a specified interest rate that is readily available to a company for immediate borrowing.
Revolving Line of Credit See line of credit. The word "revolving" is added simply to emphasize the fact that the line can be dawn down, repaid and drawn down again repeatedly during its period of effectiveness. Riding the Yield Curve ...
Export Revolving Line of Credit The Export Revolving Line of Credit, ERLC, is a form of financial assistance provided by the Small Business Administration (SBA). The ERLC guarantees loans to U.S.
Open-end credit Revolving line of credit that is extended with every purchase or cash advance.
The home equity loan can be an open-ended, revolving line of credit. Such a home equity loan would more precisely be called a home equity line of credit, or HELOC. A home equity loan can also be a loan with a fixed amount of principal.
EQUITY LINE OF CREDIT - When you take out an equity line of credit, a revolving line of credit is issue... EQUITY LOAN - a loan that uses the borrower's equity in real property as collateral. The loan may be fo...
Equity Line (Home Equity Line of Credit) - A revolving line of credit secured by one's home and usually based on the equity in one's home.
Revolving Line Of Credit A line of credit that, once arranged, can be drawn on by the customer according to need....(Read more) Rho A measure of the sensitivity of an option or warrant price to a change in interest rates....(Read more) ...
Advance of funds, purchase of goods at a retailer or when a borrower activates a revolving line of credit. Activities affecting a deposit account carried out at the request of the account owner.
Open-end credit is also refered to as a "line of credit" or "revolving line of credit". Home-Equity Loans: What You Need To Know Home-Equity Loans: The Costs Different Needs, Different Loans ...
Revolving line of credit usuallDefinition: y requires collateral, has a loan duration over a year, and is available only to established companies.
A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. Revolving line of credit ...
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 or a revolving line of credit.
revolving collateral revolving collateral revolving line of credit An agreement by a bank to lend a specific amount to a borrower, and to allow... RFP Acronym for Request For Proposal. An invitation for providers of a product or...
See also: Line of credit, Banks, Letter of credit, Commitment Fee, Revolving credit
 
|