InvestorWords.com
revolving line of credit
Definition
An agreement by a bank to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. also called revolving credit.
Recommended Articles from InvestorGuide.com
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!
Nearby Terms
- revocable trust
- revocation
- revoke
- revoked IRA
- revolving collateral
- revolving line of credit
- revolving loan
- RFP
- rho
- RIA
- rial



