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Revolving line of credit
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.
RELATED TERMS--------------------------------------
Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
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 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.
PREVIOUS AND NEXT TERMS--------------------------------------
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
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.
Revolving line of credit
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.
Right of first offer
Right which gives the tenant the first option of buying or leasing occupied property if the owner decides to sell or lease.
This dictionary contains 6433 terms. |
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