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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | 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