Revolving borrowing facility: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages and My Stock 118 webpage http://www.mystock118.com/2017/02/20/noble-completes-us1-bil-revolving-borrowing-facility/) |
imported>Doug Williamson (Expand final sentence.) |
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The flexibility for the borrower is subject to the terms of the facility. | The flexibility for the borrower is subject to the terms of the facility. | ||
Examples include overdrafts and revolving credit facilities. | Examples of revolving borrowing facilities include overdrafts and revolving credit facilities. | ||
Revision as of 14:36, 9 September 2017
Any facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.
The flexibility for the borrower is subject to the terms of the facility.
Examples of revolving borrowing facilities include overdrafts and revolving credit facilities.
