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Glossary > R > "Revolving Credit" Definition

Revolving Credit

A line of credit where the customer pays a commitment fee and is then allowed to take and repay funds at will. It is usually used for operating purposes, fluctuating each month depending on revenues and expenditures.

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Revolving Credit - A line of credit where the customer pays a commitment fee and is then allowed to take and repay funds at will. It is usually used for operating purposes, fluctuating each month depending on revenues and expenditures.

Revolving Credit : a line of credit where the customer pays a commitment fee and is then allowed to take and repay funds at will. it is usually used for operating purposes, fluctuating each month depending on revenues and expenditures.