// definition
Revolving credit facility
Reusable borrowing capacity
Short definition
A facility allowing a borrower to draw funds, repay them and borrow again during an agreed period, subject to the contract’s limits and conditions. It can fund the interval between production spending and customer receipts. The committed limit differs from the amount drawn and from cash available to spend.
risk atlas
Knowledge map
Related analyses
Primary sources
- OCC, Asset-Based Lending, printed page 3Draws, repayments, reborrowing and the conditions for continued availability.