Skip to main content
Trading Terms

Revolving credit

A revolving letter of credit is a financial instrument commonly used in international trade. It allows the buyer to make multiple draws against the credit, as long as the total amount does not exceed the original limit. This limit is restored once the issuing bank receives notice of the draw. However, this credit does have an expiration date, so it's important to use it before that date to avoid losing the available funds.

Related terms

Demerger

Understand the meaning and definition of Demerger in the context of stock market, trading, and investments.

MORE
Serially Independent

Understand the meaning and definition of Serially Independent in the context of stock market, trading, and investments.

MORE
DDU

Understand the meaning and definition of DDU in the context of stock market, trading, and investments.

MORE
Time draft (time bill)

Understand the meaning and definition of Time draft (time bill) in the context of stock market, trading, and investments.

MORE
Lookback Interval

Understand the meaning and definition of Lookback Interval in the context of stock market, trading, and investments.

MORE
Phasor

Understand the meaning and definition of Phasor in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store