revolving credit
(RC)
Noun
Financing made available to a borrower by bank lenders up to a maximum amount that may be drawn down, repaid and re-drawn up to the preset limit over a fixed period until the end of the facility’s availability period.
Synonym(s):
- credit; revolver; revolving credit facility (RCF); revolving credit line; revolving facility.
- [LMA]: Facility B.
