What is the meaning of revolving loan 2024?
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Studied at University of California, Los Angeles (UCLA), Lives in Los Angeles, CA
Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans. Also called evergreen loan.
2023-05-07 09:36:55
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Julian Thompson
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Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans. Also called evergreen loan.