Revolving credit agreement
Revolving credit agreement is a formal, committed line of credit extended by a bank or other lending institution.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Revolving credit agreement. A formal, committed line of credit extended by a bank or other lending institution.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
