Revolving loan: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
imported>Doug Williamson m (Category added 9/10/13) |
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== See also == | == See also == | ||
* [[Fixed term loan]] | * [[Fixed term loan]] | ||
[[Category:Long_term_funding]] | |||
Revision as of 08:33, 9 October 2013
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'.
