English version

revolving credit in Banking topic

From Longman Business Dictionaryrevolving creditreˌvolving ˈcredit [countable, uncountable]BANKINGCOMMERCE an arrangement with a bank for borrowing up to an agreed limit; if the limit is reached and the loan is then partly repaid, the borrower can later borrow up to the limit againThe new eight-year debt package comprises a $20 million term loan and a $45 million revolving credit agreement. credit