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Revolving credit (See Chapter 26 of the Vernimmen)
Revolving credit is one of the types of credit facilities. Revolving credit gives the borrower the right to borrow or ‘draw down’ on demand, re-pay, and then draw-down again. The borrower is charged a commitment fee on unused amounts.
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Definitions of terms begining
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Revolving credit (See Chapter 26 of the Vernimmen)
Revolving credit is one of the types of credit facilities. Revolving credit gives the borrower the right to borrow or ‘draw down’ on demand, re-pay, and then draw-down again. The borrower is charged a commitment fee on unused amounts.
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