Revolving credit facility: Difference between revisions
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* [[Overdraft]] | * [[Overdraft]] | ||
* [[Revolving borrowing facility]] | * [[Revolving borrowing facility]] | ||
* [[Revolving loan]] | |||
* [[Rollover]] | * [[Rollover]] | ||
* [[Standby credit facility]] | * [[Standby credit facility]] | ||
Latest revision as of 07:07, 22 June 2023
(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.
Another important difference is that RCFs, unlike overdrafts, generally charge non-utilisation fees for the undrawn portion.
