HomeDefinitionsCompareDebt Revolving credit agreementThe financial definition for Revolving credit agreement:A legal commitment in which a bank promises to lend a customer up to a specified maximum amount during a specified period. Similar MatchesCertificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Revolving line of creditRevolving line of creditA bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. Click to compare definitions of Revolving credit agreement Click to view definitions beginning re |