Revolving loan: Difference between revisions
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A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months. The loan is repaid and re-borrowed at the end of each such short period. | A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months. | ||
The loan is repaid and re-borrowed at the end of each such short period. | |||
Also known as a 'revolver'. | Also known as a 'revolver'. | ||
== See also == | == See also == | ||
* [[An introduction to loan finance]] | |||
* [[Fixed term loan]] | * [[Fixed term loan]] | ||
* [[Revolving credit facility]] (RCF) | |||
[[Category:Long_term_funding]] | |||
Latest revision as of 07:06, 22 June 2023
A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months.
The loan is repaid and re-borrowed at the end of each such short period.
Also known as a 'revolver'.
