Revolving Account

  • Updated on
Revolving Account is a type of credit account with no specified maturity date, and it provides a maximum limit to the borrower as long the relationship between the borrower and the creditor stands good. Credit cards, lines of credit, are some of the most common examples of revolving accounts.

Term of the day

Market Risk

What is a Market Risk? Market risk reflects the potential of reduction in the investment value due to the interplay of varying market forces in the direction t......
[ Read More ]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK