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What is revolving line of credit 2024?

Ethan Brown | 2023-05-07 09:37:06 | page views：1397
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Mia Turner

Studied at the University of Copenhagen, Lives in Copenhagen, Denmark.
Revolving credit is a line of credit where the customer pays a commitment fee to a financial institution to borrow money, and is then allowed to use the funds when needed. It usually is used for operating purposes and the amount drawn can fluctuate each month depending on the customer's current cash flow needs.
2023-05-07 09:37:06
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Lucas Taylor

QuesHub.com delivers expert answers and knowledge to you.
Revolving credit is a line of credit where the customer pays a commitment fee to a financial institution to borrow money, and is then allowed to use the funds when needed. It usually is used for operating purposes and the amount drawn can fluctuate each month depending on the customer's current cash flow needs.
Revolving Credit - Investopedia
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