Revolver: Difference between revisions
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imported>Doug Williamson (Expand definition. Source: Revolving loan page.) |
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. | 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 | The loan is repaid and re-borrowed at the end of each such shorter period. | ||
== See also == | == See also == | ||
* [[Revolving credit facility]] | * [[Revolving credit facility]] (RCF) | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Latest revision as of 11:42, 14 June 2023
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.
