Revolving credit facility: Difference between revisions
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A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time. | 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. | ||
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* [[Swingline]] | * [[Swingline]] | ||
[[Category:The_business_context]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Cash_management]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Liquidity_management]] | |||
Revision as of 17:33, 25 August 2019
(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.
