From ACT Wiki
Revision as of 20:51, 27 August 2019 by Doug Williamson (Talk | contribs) (Expand definition. Source: Revolving loan page.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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