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Revolving debt
Revolving debt A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services.
RELATED TERMS--------------------------------------
Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.
Customer
Typically, the buyer (before buyer agency laws), as opposed to the principal (seller).
Borrow
1) To get a loan of money. 2) Sand, gravel or other material used for grading.
SIMILAR TERMS--------------------------------------
Revocation
An act of rescinding power previously authorized.
Revolving credit
A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal.
Revolving line of credit
An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid.
PREVIOUS AND NEXT TERMS--------------------------------------
Reversion value
A lump-sum benefit that an investor receives or expects to receive at the termination of an investment.
Reversionary interest
The remnant of an estate that the grantor holds after granting a life estate to another person.
Reversionary right
The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
Revocation
An act of rescinding power previously authorized.
Revolving credit
A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal.
Revolving debt
Revolving line of credit
An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid.
RevPAR (Revenue per available room)
Total room revenue for the period divided by the average number of available rooms in a hospitality facility.
Ridge board
A horizontal board that serves as the apex of the roof structure.
Ridge vent
A vent located along the ridge board of the roof that allows moisture to escape.
Right of correlative user
The right of a landowner to the reasonable use of underground percolating water.
This dictionary contains 6433 terms. |
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