Revolving credit
- credit available in a credit account
- revolving - can be used multiple times during the validity period of the credit agreement
Purpose of financing:
financing current needs characterized by recurring economic cycles or seasonality
Loan amount:
determined individually
Loan period:
up to 12 months, in individual cases for a longer period
Repayment:
repayment of the credit that causes the renewal of the credit may occur until the day preceding its final repayment
Collateral:
established individually with the Client