Revolving Credit: It is the same thing as a line of credit: an amount of money, which a business can borrow against at times it needs capital. Often accessed by check, ATM, or business card.

 

Related Words

Revolving Credit: It is the same thing as a line of credit: an amount of money, which a business can borrow against at times it needs capital. Often accessed by check, ATM, or business card.

Line Of Credit: Also called an 'open line of credit' secured on your home. Often there are no closing costs involved, or the lender offers to pay all closing costs. Use like a checking account, borrowing cr . . . View Full Definition

Credit Line: A credit line, or line of credit, is a revolving credit agreement that allows you to write checks or make cash withdrawals of amounts up to your credit limit. When you use the credit — somet . . . View Full Definition

Credit Limit: A credit limit, also known as a credit line, is the maximum amount of money you can borrow under a revolving credit agreement. For instance, if you have a credit card with a credit limit of . . . View Full Definition

Five Cs Of Credit: Used in the context of general equities. Chronological listing of trades in a security showing the price, size, exchange, and time (to the second) of the trades; obtained by hitting '#M' on Quotron.

Full Faith And Credit: Federal and municipal governments can promise repayment of debt securities they issue because they can raise money through taxes, borrowing, and other sources of revenue. That power is descr . . . View Full Definition

Foreign Tax Credit: A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.

Foreign Credit Insurance Association (FCIA): An amendment to the Securities Exchange Act created to sanction bribery of foreign officials by publicly held U.S. companies.

Full Faith-And-Credit Obligations: Describes exchange and government regulations providing for the release and free exchange of all information pertinent to a given security.

GSM-103 Short-Term Export Credit Guarantee Program: An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denom . . . View Full Definition