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)].