   
|
|
Revolving Line Of Credit
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
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...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: inflation, FICO score, EBITDA, labor relations, option premium, 1035 exchange, 144a, deferred revenue, limit order, balance sheet, ex-dividend date, dividends payable, command economy, current ratio, phantom income, required rate of return, average price per share, real GDP, FTSE, stock split, deferred tax, diluted share, margin rate, class C shares, debt service coverage, minority interest, open position, annual return, ex-dividend, 401a, risk management, reverse mortgage, covered put, in escrow, LIBOR, implied volatility, wholly-owned subsidiary, irrevocable trust, quality assurance, stock market close, liquidity ratio, cancelled check, 1031 exchange, APR, Key Rate Duration, Zero Cost Collar, per diem, retained earnings, VIX
|
|
| |