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Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations.
Revolving funds can be especially valuable for non-profit organizations because they afford both the donor and the non-profit significant advantages. Often a non-profit must announce a program, engage personnel, extend invitations or sign contracts well ahead of raising the donations or receiving the program revenue that will cover the costs.
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time. [1]
Duke Realty's (DRE) amended and restatement of unsecured revolving credit facility allows the industrial REIT to lower its borrowing costs and offers sustainability-linked pricing incentive.
The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee). In the U.S., many revolvers to speculative-grade issuers are asset-based and thus tied to borrowing-base lending formulas that limit borrowers to a ...
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A warehouse line of credit is a credit line used by mortgage bankers.It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans.
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]