Business Terms and Jargon Explained
What is Qualifying revolversForms of lending that are unsecured, revolve (i.e. they do not represent a fixed amount for a fixed time, can be added to and reduced), and are uncommitted (i.e. able to be withdrawn at any time). An example would be a credit card or an overdraft facility.
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Term created / updated 2007-05-29 00:19:51
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