cashless rollover
Noun
The repayment of a maturing loan under a revolving credit facility with the proceeds of a rollover loan without the use of cash, which is usual for revolving credit facilities.
Synonym(s):
- cashless roll.
The repayment of a maturing loan under a revolving credit facility with the proceeds of a rollover loan without the use of cash, which is usual for revolving credit facilities.
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