Revolving loan: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/8/13) |
||
| Line 1: | Line 1: | ||
A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months. The loan is repaid and re-borrowed at the end of each such short period. | A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months. | ||
The loan is repaid and re-borrowed at the end of each such short period. | |||
Also known as a 'revolver'. | Also known as a 'revolver'. | ||
== See also == | == See also == | ||
* [[Fixed term loan]] | * [[Fixed term loan]] | ||
Revision as of 14:18, 20 August 2013
A loan available for a set period - for example 5 years - but which is drawn down for shorter set periods, for example 3 or 6 months.
The loan is repaid and re-borrowed at the end of each such short period.
Also known as a 'revolver'.
