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Revolving line of credit
A line of credit that, subject to certain restrictions set forth by the lender, allows for an aggregate amount up to a maximum amount as determined by the lender to be borrowed, repaid and re-borrowed from time to time.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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