- revolving credit facility
an arrangement (usually with a bank) that requires the borrower to undertake to make regular periodic payments into a designated account in return for the facility to borrow on that account up to a specified sum, the amount of which is usually expressed as a multiple of each contractual payment into the account. See fixed credit.
Collins dictionary of law. W. J. Stewart. 2001.
- revolving credit facility
See revolving facility.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
revolving credit facility — UK US noun [C] ► FINANCE, BANKING an arrangement between a bank and a business that allows the business to borrow a particular amount of money, and then to borrow more money if part of the original loan is paid back: »Renewal of the company s… … Financial and business terms
Revolving Credit Facility — Der Kontokorrentkredit (ital.: conto = Rechnung, corrente = laufend; engl. Revolving credit facility / RCF) ist ein revolvierendes Bankdarlehen, also ein Kredit, der während eines festgelegten Zeitraumes zurückgezahlt und wieder beansprucht… … Deutsch Wikipedia
Revolving Loan Facility — A financial institution that allows the borrower to obtain a business or personal loan where the borrower has the flexibility to decide how often they want to withdraw from the loan and at what time intervals. A revolving loan facility allows a… … Investment dictionary
revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… … Accounting dictionary
revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… … Big dictionary of business and management
revolving credit loan — USA revolving credit loan, Also known as revolving credit facility, revolving loan and revolver. A committed loan facility allowing a borrower to borrow (up to a limit), repay and re borrow loans. See also revolving … Law dictionary
credit facility — ➔ facility * * * credit facility UK US noun [C] ► FINANCE, BANKING an arrangement between a bank and a business that allows the business to borrow a particular amount of money for different purposes for a particular period of time: »The software… … Financial and business terms
Revolving Underwriting Facility - RUF — A form of revolving credit in which a group of underwriters agrees to provide loans in the event that a borrower is unable to sell in the Eurocurrency market. These loans are generally provided through the purchase of short term Euronotes. A… … Investment dictionary
Credit Facility — A type of loan made in a business or corporate finance context. Specific types of credit facilities are: revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts. Companies frequently implement a… … Investment dictionary
revolving credit — /rəvɒlvɪŋ ˈkrɛdət/ (say ruhvolving kreduht) noun a credit facility with a fixed limit that can be drawn down and repaid according to the borrower s requirements … Australian English dictionary