Revolving Line Of Credit
From Open Risk Manual
Revision as of 18:30, 28 January 2020 by Wiki admin (talk | contribs)
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.
