revolving line of credit


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.

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They had a revolving line of credit to give to the man and that made everyone really happy in the business.

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A revolving line of credit can seriously dig your credit worthiness in the eyes of credit bureaus if you have too many of them.

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When they applied for their home equity loan they were told it was a revolving line of credit, so once it was repaid they can borrow the money again.

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