What is a revolving line of credit?

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A formal, legal commitment to extend credit up to some maximum amount over a sta...
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Emad Mohammed said abdalla
31-March-2015

Correspondent Banking Community Banking Commercial Banking Branch Banking Banking Domain

Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/17

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1 Answers

Mohamed Hussein Abdel Maksoud

by Mohamed Hussein Abdel Maksoud , Customer Service Head , ( CIB ) COMMERCIAL INTERNATIONAL BANK

like ROD..revolving Over Draft...it's a credit facility that gains intrest income as long as the line utilized..

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