DEFINITION
Revolving Credit Facility

"Revolving credit facility": (RCF). A facility which permits the borrower to draw down and repay amounts at the borrower's discretion for a specified period of time. An RCF is similar in this respect to an overdraft. However, RCFs are normally for much larger amounts than overdrafts, and RCFs - unlike overdrafts - are not usually repayable on demand.
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