See Also: Revolving line of credit(money)
Revolving line of credit(finance)
Revolving Credit(money)
Revolving credit agreement(money)
Revolving credit agreement(finance)
FINANCE CENTER Credit Union(finance)
Credit Line(money)
Line of credit(finance)
Credit Line(law)
Line of Credit(money)

Revolving line of credit (finance)


A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years.