Revolver Loan Law and Legal Definition
Revolver loan refers to a single loan that a debtor takes out in lieu of several lines of credit. It also refers to other loans from various creditors, and that is subject to review and approval at certain intervals. Generally, a revolver loan is taken out in an attempt to resolve problems with creditors.[ Dixstar v. GenTec Equip., 2004 U.S. Dist. LEXIS 7201 (W.D. Ky. Feb. 11, 2004)].
Legal Definition list
Related Legal Terms
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Air Loan
- Allowance for Loan and Lease Losses
- Amortized Loan
- Automatic Premium Loan Option
- Average Agricultural Loan Customer
