revolving credit agreement

revolving credit agreement definition - business

revolving credit agreement

  1. A consumer loan that requires a minimum payment that is less than the outstanding balance. Balances carried forward incur an interest charge.
  2. See line of credit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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