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revolving bank facility

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revolving credit facility

revolving credit facility (Banking)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

A loan which allows the borrower the flexibility to draw down amounts as required, repay, and draw again up to

revolving line of credit

revolving line of credit (Banking)   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

A credit facility where the borrower pays a commitment fee and may draw and repay funds according to requirements.

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