Revolver

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Revision as of 11:42, 14 June 2023 by imported>Doug Williamson (Expand definition.)
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Abbreviation for a revolving loan, available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months.

The loan is repaid and re-borrowed at the end of each such shorter period.


See also

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