Sentences with phrase «maximum revolving credit»

Not exact matches

This kind of financing provides a borrower with revolving credit, allowing you to borrow and pay back that borrowed amount over and over while staying within a maximum, as you would with a credit card.

The available revolving credit limit can also be defined as the gross maximum minus the outstanding account balance.

This is a revolving credit line that can be used for any purchase up to the maximum of amount of credit approved.

Instead of a fixed amount that is borrowed, and then paid back in regular installments, revolving credit has an upper limit, or a maximum amount that can be borrowed, and you can borrow up to that limit at any time.

By now you've probably figured out that getting close to the maximum limit on your credit cards and other forms of revolving credit (lines of credit and overdrafts) is not viewed as a good thing by the credit reporting agencies.

The credit line is revolving, so you can use it as many times as you want as soon as you do not exceed the maximum limit.

Their balances are often low and they use only an average of 7 percent of their available revolving credit, i.e., $ 70 on a credit card with a $ 1,000 maximum.

In addition, TNP Strategic Retail Operating Partnership, LP, the company's operating partnership, entered into a secured revolving credit agreement with KeyBank N.A. establishing a revolving credit facility with a maximum aggregate borrowing capacity of up to $ 15 million.