Revolving credit facility

(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.

See also

• Overdraft
• Rollover