Revolving credit facility: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{g}}A fancy expression for an overdraft. Those with an appetite for financial slang call these “revolvers”. Why “revolving credit facility”? Well, a “cred...") |
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{{g}}A fancy expression for an [[overdraft]]. Those with an appetite for financial slang call these “[[revolver]]s”. | {{a|g|[[File:Trigger.jpg|450px|thumb|center]]}}A fancy expression for an [[overdraft]]. Those with an appetite for financial slang call these “[[revolver]]s”. | ||
Why | Why “[[revolving credit facility]]”? Well, a “credit facility” means an arranged [[loan]]; if it “revolves” that means the amount you can borrow under it [[from time to time]] can wax and wane. If you pay it down, you can withdraw again later. | ||
In other words, an overdraft. | In other words, an [[overdraft]]. |