A revolving credit agreement is a commitment in the form of a standby agreement for a guaranteed line of credit.

Name: A revolving credit agreement is a commitment in the form of a standby agreement for a guaranteed line of credit.
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A revolving credit agreement provides a guaranteed line of credit that can be drawn upon as needed. It is often used for businesses to ensure they always have access to funding without having to reapply for a loan each time they need it.

A Revolving Credit Agreement Is a Commitment in the Form