Revolving loan

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Revision as of 08:33, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13)
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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'.


See also

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