Revolving credit facility: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
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(RCF). A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time. | (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. | 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. | However, RCFs are normally for much larger amounts than overdrafts, and RCFs - unlike overdrafts - are not usually repayable on demand. | ||
== See also == | == See also == | ||
* [[Overdraft]] | * [[Overdraft]] | ||
* [[Rollover]] | * [[Rollover]] | ||
Revision as of 14:18, 20 August 2013
(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.
