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Что (кто) такое revolving line of credit - определение
TYPE OF CREDIT THAT DOES NOT HAVE A FIXED NUMBER OF PAYMENTS
Revolving credit facility; Revolving line of credit; Revolving loan
Revolving credit
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers.
revolving credit
¦ noun credit that is automatically renewed as debts are paid off.
Line of credit
CREDIT SOURCE EXTENDED TO A GOVERNMENT, BUSINESS OR INDIVIDUAL BY A BANK OR OTHER FINANCIAL INSTITUTION
Cash credit; Credit Facility; Lines of credit; Credit facility; Personal Line of Credit; Credit account; Debt facility; Line of Credit
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A line of credit takes several forms, such as an overdraft limit, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc.
Википедия
Revolving credit
Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.
It is an arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans, also called evergreen loan.
Примеры употребления для revolving line of credit
1. The Clintons together reported owning assets valued between $10 million and $50 million, with a revolving line of credit between $15,000 and $50,000 that is currently paid in full.
2. ARTICLE Denizbank signed a loan agreement on Tuesday with the Japanese Bank for International Cooperation (JBIC) and Mizuho Corporate Bank for a seven–year $50 million revolving line of credit.
3. "People go along with you if it‘s conduct–based rather than a political gesture." Iranian importers are particularly feeling the pinch, with many having to pay for commodities in advance when a year ago they could rely on a revolving line of credit, said Patrick Clawson, a former World Bank official now at the Washington Institute for Near East Policy.
4. tdn.com.tr inc.all words Home Page Domestic Foreign Finance Diplomacy Opinions Features Sports Weather Press Scanner Archive All About Turkey About TDN MEMBER CENTER Your Account Japanese banks provide Denizbank $50 mln line of credit Wednesday, February 8, 2006 print this page mail to a friend BUSINESS REPORT All News» » Iraq plans tenfold rise in fuel prices in 2006 » Japanese banks provide Denizbank $50 mln line of credit » Energy minister says Turkey has enough natural gas » Malaysia‘s Iris wins $22 million deal in Turkey » Mergers and acquisitions continue » Foreign affairs a big winner in new US budget » New EU rules to encourage more Europeans to buy shares » Istanbul share trading swells as foreigners pour in » FINANCELINE » FINANCELINE ISTANBUL Turkish Daily News ARTICLE SUMMARYDenizbank signed a loan agreement on Tuesday with the Japanese Bank for International Cooperation and Mizuho Corporate Bank for a seven–year $50 million revolving line of credit.