Revolving debt

Revolving debt

A type of credit that allows the borrower/customer to make charges against a predetermined line of credit. The customer then pays monthly instalments on the amount borrowed, plus interest.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
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Related terms

revolving debt

Real estate; General

A type of credit that allows the borrower/customer to make charges against a predetermined line of credit. The customer then pays monthly installments on the amount borrowed, plus ...

revolving debt

Real estate; General

A type of credit that allows the borrower/customer to make charges against a predetermined line of credit. The customer then pays monthly installments on the amount borrowed, plus ...

certificates of amortized revolving debt (CARD)

Financial services; General Finance

Pass-through securities backed by credit card receivables.

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“Neither a borrower nor a lender be,” wrote Shakespeare in “Hamlet”. Actually, the availability of debt, and the willingness to take it on, is a crucial ingredient of economic ...

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The state of owing money. Money, assets, or goods or services owed by one person to another, one company to another, one country to another.

debt

Financial services; Private equity

A fixed obligation to pay money at a stated time.

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