Revolver definition is - one that revolves. In Finance what is Revolver Debt? A firm's revolver is a line of short-term credit which the firm can access when it needs short-term funding to pay for operating expenses or one time transactions. Line of Credit An agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower.

The revolver is always used for short-term financing, and is almost always paid off very quickly. Features of a Revolving Credit Facility #1 Cash Sweep. This means that any excess free cash flow generated by a company will be used by the bank to pay down the outstanding debt of the revolver ahead of schedule. The borrower is under no obligation to actually take out a loan at any particular time, but may take part of the funds at any time over a period of several years. Revolver. Revolver definition, a handgun having a revolving chambered cylinder for holding a number of cartridges, which may be discharged in succession without reloading. The Revolver. The Revolve Finance Visa ® Debit Card is issued by Republic Bank of Chicago pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The revolver is often structured with a cash sweep (or debt sweep) provision. A senior secured loan where the funds are drawn and repaid as needed by the borrower. Common Types of … A revolving loan is a credit line that you can access and pay back as needed, and the interest is based on the amount you use. Tranches are pieces, portions or slices of debt or structured financing . Line of Credit An agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower.

This type of credit is mostly used … Asset-based lending is a business loan secured by collateral (assets).

Term out is a financial concept used to describe the transfer of debt within a company's balance.

A revolver is a credit card issuer term for customers who carry balances, paying off those balances over time, thus “revolving” them.

See more. The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This is done through the capitalization of short-term debt to long-term debt . The borrower is under no obligation to actually take out a loan at any particular time, but may take part of the funds at any time over a period of several years. Revolving credit is a line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed.