Consumer Banking

Revolving Credit
Revolving credit is a financial arrangement where a lender provides funds up to a pre-approved credit limit, which the borrower can repeatedly use, repay, and use again. Common in both commercial and consumer banking, revolving credit helps businesses manage working capital and allows consumers flexible access to funds.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.