Revolving credit facility: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Link with Revolving borrowing facility page.) |
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== See also == | == See also == | ||
* [[Overdraft]] | * [[Overdraft]] | ||
* [[Revolving borrowing facility]] | |||
* [[Rollover]] | * [[Rollover]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 11:15, 9 September 2017
(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.
