Investor Glossary-revolving line of creditInvestor Glossary-revolving line of creditInvestor Glossary-revolving line of creditInvestor Glossary-revolving line of creditInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Revolving Line Of Credit

The HTML to link to this page
 

A revolving line of credit is a type of credit that can be borrowed up to a pre-determined amount, repaid, and then borrowed again. The money borrowed under a revolving line of credit is not loaned out in a lump sum. Instead, under a revolving line of credit the borrower is extended a line of credit up to a certain amount, to draw from as he pleases. In most cases a revolving line of credit has a variable rate rather than a fixed rate. A revolving line of credit may or may not be secured by collateral. In contrast to an installment loan, a revolving line of credit typically does not have a set schedule for the repayment of principal. Examples of a revolving line of credit include credit cards and home equity lines of credit.



Rate this revolving line of credit definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: quality assurance, minority interest, command economy, Zero Cost Collar, APR, annual return, Key Rate Duration, average price per share, ex-dividend date, phantom income, risk management, in escrow, EBITDA, diluted share, option premium, cancelled check, covered put, required rate of return, labor relations, VIX, balance sheet, current ratio, LIBOR, real GDP, 401a, debt service coverage, 1031 exchange, margin rate, 144a, liquidity ratio, class C shares, wholly-owned subsidiary, deferred tax, irrevocable trust, 1035 exchange, stock market close, deferred revenue, implied volatility, reverse mortgage, retained earnings, dividends payable, inflation, stock split, open position, limit order, ex-dividend, FICO score, FTSE, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use