单词 | revolving credit facility |
释义 | revolving credit facility revolving credit facility an arrangement (usually with a bank) that requires the borrower to undertake to make regular periodic pay- ments into a designated account in return for the facility to borrow on that account up to a specified sum, the amount of which is usual-339 right of abode ly expressed as a multiple of each contractual payment into the account. See FIXED CREDIT. |
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