Revolving credit facility

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Revision as of 14:18, 20 August 2013 by imported>Doug Williamson (Spacing 20/8/13)
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(RCF).

A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time.

An RCF is similar in this respect to an overdraft.

However, RCFs are normally for much larger amounts than overdrafts, and RCFs - unlike overdrafts - are not usually repayable on demand.


See also