Revolving Line Of Credit
From Open Risk Manual
Definition
Revolving Line Of Credit. A credit line based on some collateral, that can be drawn down and/or paid back by the borrower. This form of product can either have an increase or decrease in principal, according to the actions of the borrower.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Revolving Line Of Credit"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoanTypes/CreditProducts/index-en.html + |
