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