Revolving borrowing facility

From ACT Wiki
Revision as of 19:01, 25 August 2019 by Doug Williamson (Talk | contribs) (Classify page.)

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

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

The flexibility for the borrower is subject to the terms of the facility.

Examples of revolving borrowing facilities include overdrafts and revolving credit facilities.

See also