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Revolving credit facility: Difference between revisions
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{{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”. | {{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 “[[revolving credit facility]]”? Well, a | 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]]. | ||