Revolving Loan definition: Copy, customize, and use instantly
Introduction
The term "Revolving Loan" refers to a type of loan that allows the borrower to draw, repay, and borrow again up to a set credit limit. It provides flexibility for managing cash flow needs, typically used for short-term financing. This loan type is crucial for businesses or individuals needing ongoing access to capital.
Below are various examples of how "Revolving Loan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Revolving Loan" as a credit facility
This definition links "Revolving Loan" to its function as a credit facility.
"Revolving Loan" means a type of credit facility that allows the borrower to draw on the loan, repay the borrowed amount, and borrow again, up to a pre-agreed limit, without needing to reapply for the loan.
Definition of "Revolving Loan" as a flexible borrowing agreement
This definition connects "Revolving Loan" to flexible borrowing terms.
"Revolving Loan" refers to a flexible borrowing agreement where the borrower can repeatedly withdraw funds from the loan account, repay them, and borrow again within the agreed credit limit.
Definition of "Revolving Loan" as a short-term financing tool
This definition ties "Revolving Loan" to short-term financing.
"Revolving Loan" means a short-term financing tool that allows the borrower to access funds as needed, up to a specified limit, and repay the amount drawn over time, often with revolving terms.
Definition of "Revolving Loan" as a line of credit
This definition applies "Revolving Loan" to a line of credit.
"Revolving Loan" refers to a line of credit that provides ongoing access to funds, where the borrower can borrow and repay repeatedly, as long as the credit limit is not exceeded.
Definition of "Revolving Loan" as a working capital loan
This definition ties "Revolving Loan" to working capital needs.
"Revolving Loan" means a loan used to finance working capital needs, where funds can be drawn, repaid, and reborrowed to ensure the business has enough cash flow to operate effectively.
Definition of "Revolving Loan" as a credit line agreement
This definition connects "Revolving Loan" to a credit line structure.
"Revolving Loan" refers to a credit line agreement where the borrower is granted a maximum credit limit, with the ability to draw, repay, and borrow funds repeatedly over the life of the loan.
Definition of "Revolving Loan" as a business credit facility
This definition links "Revolving Loan" to business finance.
"Revolving Loan" means a business credit facility that allows a company to access funds, repay them, and borrow again based on operational needs, providing liquidity for ongoing business activities.
Definition of "Revolving Loan" as an ongoing lending agreement
This definition connects "Revolving Loan" to an ongoing lending relationship.
"Revolving Loan" refers to an ongoing lending agreement that permits the borrower to draw funds from the loan as needed and repay them on a revolving basis within the agreed limit.
Definition of "Revolving Loan" as a personal line of credit
This definition applies "Revolving Loan" to personal finance.
"Revolving Loan" refers to a personal line of credit where the borrower can access funds up to a set credit limit, repay the balance, and borrow again as necessary, typically used for personal expenses or emergencies.
Definition of "Revolving Loan" as a revolving credit facility
This definition ties "Revolving Loan" to its revolving nature.
"Revolving Loan" means a revolving credit facility that enables the borrower to continuously access and repay funds up to a predetermined credit limit, providing ongoing financing flexibility.
Definition of "Revolving Loan" as a debt instrument
This definition links "Revolving Loan" to debt management.
"Revolving Loan" refers to a debt instrument that allows the borrower to access funds as needed, repay them, and borrow again, typically with variable interest rates and repayment terms.
Definition of "Revolving Loan" as an unsecured loan
This definition connects "Revolving Loan" to its unsecured nature.
"Revolving Loan" means an unsecured loan that provides borrowers with the ability to draw funds up to a credit limit, repay the balance, and borrow again, typically without collateral.
Definition of "Revolving Loan" as a financial product for liquidity
This definition applies "Revolving Loan" to liquidity management.
"Revolving Loan" refers to a financial product designed to provide liquidity by allowing the borrower to borrow funds as needed, repay them, and access funds again without reapplying for the loan.
Definition of "Revolving Loan" as a loan with a credit limit
This definition ties "Revolving Loan" to its credit limit feature.
"Revolving Loan" means a loan with a set credit limit that the borrower can access and repay repeatedly, providing continuous borrowing capacity within that limit.
Definition of "Revolving Loan" as a loan with repayment flexibility
This definition connects "Revolving Loan" to repayment options.
"Revolving Loan" refers to a loan with flexible repayment terms, where the borrower can repay the loan balance at any time and borrow again up to the agreed limit.
Definition of "Revolving Loan" as a cash management tool
This definition links "Revolving Loan" to cash flow management.
"Revolving Loan" means a cash management tool that helps businesses or individuals manage fluctuating cash flow by allowing them to borrow, repay, and borrow again, ensuring liquidity when needed.
Definition of "Revolving Loan" as a continuous loan facility
This definition connects "Revolving Loan" to ongoing loan availability.
"Revolving Loan" refers to a continuous loan facility where the borrower can access funds repeatedly, within a pre-agreed limit, without needing to reapply after each drawdown.
Definition of "Revolving Loan" as a credit agreement with interest charges
This definition ties "Revolving Loan" to interest charges.
"Revolving Loan" means a credit agreement where the borrower can borrow funds as required, with interest charged on the outstanding balance, and the ability to repay and re-borrow within the set limit.
Definition of "Revolving Loan" as a loan for seasonal financing
This definition applies "Revolving Loan" to seasonal needs.
"Revolving Loan" refers to a loan used for seasonal financing, where the borrower can draw funds during peak seasons, repay them during off-seasons, and borrow again as required.
Definition of "Revolving Loan" as an access-to-funds agreement
This definition connects "Revolving Loan" to funds access.
"Revolving Loan" means an agreement that grants the borrower access to funds as needed, up to a maximum limit, with the ability to repay and reuse the loaned funds over time.
Definition of "Revolving Loan" as a facility for repeat borrowings
This definition links "Revolving Loan" to repeated borrowings.
"Revolving Loan" refers to a financial facility that allows the borrower to repeatedly draw on the loan, repay, and borrow again, making it a versatile financing option.
Definition of "Revolving Loan" as a corporate borrowing solution
This definition applies "Revolving Loan" to corporate borrowing.
"Revolving Loan" means a corporate borrowing solution that allows businesses to access working capital as needed, repay the loan, and borrow again without having to apply for a new loan.
Definition of "Revolving Loan" as a credit account with periodic reviews
This definition ties "Revolving Loan" to credit account reviews.
"Revolving Loan" refers to a credit account that is periodically reviewed by the lender, with the borrower able to draw, repay, and borrow again within an agreed credit limit.
Definition of "Revolving Loan" as a loan for operational flexibility
This definition connects "Revolving Loan" to operational needs.
"Revolving Loan" means a loan that provides operational flexibility by allowing the borrower to draw on funds for short-term needs and repay them for reuse as the business requires.
Definition of "Revolving Loan" as an adaptive lending product
This definition links "Revolving Loan" to adaptability.
"Revolving Loan" refers to an adaptive lending product that provides the borrower with the ability to adjust borrowing amounts and repayment schedules based on changing financial needs.
Definition of "Revolving Loan" as a loan with variable repayment terms
This definition applies "Revolving Loan" to repayment flexibility.
"Revolving Loan" means a loan with variable repayment terms, offering the borrower the flexibility to repay borrowed amounts at different intervals while borrowing additional funds as needed.
Definition of "Revolving Loan" as a loan to manage financial volatility
This definition connects "Revolving Loan" to managing financial uncertainty.
"Revolving Loan" refers to a loan designed to help businesses or individuals manage financial volatility, providing access to funds that can be borrowed and repaid as needed.
Definition of "Revolving Loan" as a loan with a fluctuating balance
This definition ties "Revolving Loan" to changing loan balances.
"Revolving Loan" means a loan with a fluctuating balance that allows the borrower to withdraw funds, repay them, and draw again, causing the loan balance to vary over time.
Definition of "Revolving Loan" as a financing option for short-term expenses
This definition connects "Revolving Loan" to short-term needs.
"Revolving Loan" refers to a financing option for short-term expenses, where the borrower can quickly access funds, repay them, and re-borrow as necessary to cover fluctuating costs.
Definition of "Revolving Loan" as a flexible term loan
This definition links "Revolving Loan" to flexible loan terms.
"Revolving Loan" means a flexible term loan that provides the borrower with the ability to access funds, repay the loan, and borrow again, typically with adjustable repayment terms.
Definition of "Revolving Loan" as a loan for capital preservation
This definition applies "Revolving Loan" to capital management.
"Revolving Loan" refers to a loan that helps businesses preserve capital by providing access to funds that can be used and repaid on a rotating basis, avoiding large upfront costs.
Definition of "Revolving Loan" as a financial tool for liquidity management
This definition ties "Revolving Loan" to liquidity strategies.
"Revolving Loan" means a financial tool for liquidity management that allows the borrower to draw and repay funds as needed, ensuring the borrower always has access to working capital.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.