Revolver: Difference between revisions
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imported>Doug Williamson (Classify page.) |
imported>Doug Williamson (Expand definition. Source: Revolving loan page.) |
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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 short period. | |||
== See also == | == See also == | ||
* [[Revolving credit facility]] | * [[Revolving credit facility]] | ||
Revision as of 20:51, 27 August 2019
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 short period.
