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Revolving credit agreement

• A line of credit guaranteed to a borrower by a chartered bank regardless of the scarcity of money.

• A legal commitment wherein a bank promises to lend a customer up to a specified maximum amount during a specified period.

 
 

Follow this link for all the terms related to agreementcredit.

 
 Embedded terms in definition
 Commitment
Credit
Lend
Line of credit
 
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<< Revolver Revolving line of credit >>

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