| 单词 | revolving credit |
| 释义 | revolving credit revolving credit A bank credit that is negotiated for a specified period; it allows for drawdown and repayment within that period. Repaid amounts can be redrawn up to the agreed limit of the credit. At the end of the loan period there is a bullet repayment of the principal and any outstanding interest; alternatively, a repayment schedule is negotiated for the outstanding principal and interest. In the USA a revolving credit is called an open-end credit. See alsoconvertible revolving credit. |
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