Revolving line of credit is a facility offered by banks in terms of a credit account to clients that have built up a good credit score. The clients either business clients or personal clients, if assigned a revolving credit account may use the account whenever they see fit as far as the credit limit allowed is not crossed.
Once the borrower has used the facility the interest is accrued and capitalizes as long as the repayment is not made. The clients may enjoy extensive credit facility as long as the issuer permits are based on the history of timely repayments by the clients.
Weyman Z. Wannamaker is the chief financial officer of Cogburn Company
Collingwood Corp. has a revolving line of credit on which it
Softa Company borrows $850,000 from Deer Financing Associates by
McKenzie Wood Products negotiated a $200,000 revolving line of
