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What is the difference between credit card and revolving credit?
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
What is another name for credit?
Revolving credit
What is the meaning of revolving line of credit?
The meaning of a revolving line of credit is a line of credit that is not linked to a certain number of payments. It is the complete opposite of installment credit.
Is a line of credit considered a revolving account?
Yes, if the account type is considered a line of credit it will be calculated into your revolving account balance on your credit report.
What is another name for open-end credit?
Revolving credit
What is RDLC one type of letter of credit?
Revolving Documentary Letter of Credit
What does RDLC stands for in import and export trade?
RDLC stands for " Revolving Documentary Letter of Credit"
What is the difference between credit card and revolving credit?
A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.
What does the payment terms ARDLC stand for?
It means Auto Revolving Documentary Letter of Credit. It is a payment term usually used in commodities business.
What is the difference between irdlc and rdlc?
IRDLC and RDLC are both types of documentary letters of credit. An IRDLC (Documentary Irrevocable Letter of Credit) can not be changed or canceled by the buyer. Payment must be issued by the buyers bank. These are very common. An RDLC (Documentary Revocable Letter of Credit) can be changed or canceled by the buyer at any time without notifying the seller. These are very rarely used.
What is the difference between credit shelter trust and irrevocable trust?
What is the difference between credit shelter trust and irrevocable trust?
What is another name for credit?
Revolving credit
What is the meaning of revolving line of credit?
The meaning of a revolving line of credit is a line of credit that is not linked to a certain number of payments. It is the complete opposite of installment credit.
Is a line of credit considered a revolving account?
Yes, if the account type is considered a line of credit it will be calculated into your revolving account balance on your credit report.
What is another name for open-end credit?
Revolving credit
What are the 3 categories of consumer credit?
The three types of accounts on a consumer credit report are installment accounts, revolving credit and open accounts. Credit cards are considered revolving accounts.
What kind of credit is extended when a person uses a credit card?
The type of credit that is extended when a person uses a credit card is revolving credit. Revolving credit allows the consumer to carry a balance and pay a minimum monthly.
