Noun
a consumer credit line that can be used up to a certain limit or paid down at any time
Source: WordNetDuring the fourth quarter of 2019, MEDNAX used $209.8 million to repay borrowings on its revolving line of credit and as of December 31, 2019, the Company had no borrowings under its revolving credit facility. Source: Internet
Ford had earlier drawn down over $15 billion from revolving credit lines to ride out the pandemic, which forced the shutdown of its North American and European factories during the past month. Source: Internet
At February 1, 1998, $34,320,000 was available under the senior revolving credit facility. Source: Internet
Audley Group, the UK builder of luxury retirement villages, has signed a £125m revolving credit line as it follows up a 2017 equity raising as part of an “aggressive growth strategy”. Source: Internet
FortisOntario has a $30 million unsecured committed revolving credit facility, maturing in June 2015. Source: Internet
Taking into account the peculiarities of Hotel and Restaurant business, it is also possible to apply for Visa Business card with a revolving credit line to operatively make necessary payments at any point of the world. Source: Internet