Source or Type Of Short term finance: Revolving Credit

September 10th, 2008 Comments off
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Append below features of Revolving Credit, the advantages and disadvantages of using Revolving Credit:

Features & Salient Points

  • Borrowing for a short period of time say ninety days but renewable when expiry date is due;
  • Has the feature of both short-term and medium-term loans as the borrower can keep repaying and borrowing for a few years

Go to All Articles on Sources or Types Of Short Term Finances

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Financial Accounting


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