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We used a revolving loan to cover seasonal cash shortfalls while keeping the option to repay and borrow again as needed.
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We used a revolving loan to cover seasonal cash shortfalls while keeping the option to repay and borrow again as needed.
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Related words
revolving loan
Noun
(finance)
A
type
of
loan
that
is
secured
against
a
property
and
allows
the
owner
to
borrow
and
repay
money
at
leisure.
Periodic
payments
of
at
least
accumulated
interest
are
required,
but
the
loan
is
fully
open:
it
may
be
paid
out
in
whole
or
in
part
at
any
time
and,
if
there
is
still
money
available
under
the
loan
ceiling,
the
borrower
may
take
more
money
for
his
or
her
use.
Japanese Meaning
担保付きのリボルビングローン：不動産を担保に設定し、借入と返済を自由に繰り返せる融資方式です。定期的に累積利息以上の支払いが必要ですが、融資枠内で一部または全額の返済・再借入が可能です。
Related Words
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