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单词 revolving credit
释义

revolving credit in British English

noun
a letter of credit for a fixed sum, specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded

Examples of 'revolving credit' in a sentence
revolving credit

It has a 30m revolving credit facility which is currently unused.
Times, Sunday Times (2009)
Banks, the other secured creditors, are to be paid back 19.8 million owed in full from a revolving credit facility.
Times, Sunday Times (2017)
In other headwinds, the company said that its finance costs would be higher than expected because of the refinancing of a revolving credit facility.
Times, Sunday Times (2018)
Non-revolving credit includes all loans not part of revolving credit, such as those for automobiles, motor homes, education, boats, trailers or vacations.
Globe and Mail (2003)
It has $68 million cash but risks having to eat into the remaining $145 million debt headroom on its main $1.2 billion revolving credit facility.
Times, Sunday Times (2017)
The company is also putting in place a new revolving credit facility of up to 20 million.
Times, Sunday Times (2014)
The report said that the revolving credit facility involving between four and six banks would temporarily replace an existing arrangement of a similar size.
Times, Sunday Times (2014)
Yesterday's agreement covers an existing 150 million loan and an 850 million 'revolving' credit facility.
Times, Sunday Times (2011)
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更新时间：2025/2/9 14:56:50