Revolving Credit Facility — Definition, How it Works¶
Corporate Finance Institute. (2026). Revolving Credit Facility — Definition, How it Works.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Lazy Evaluation
- In finance and procurement it is pay-on-delivery, revolving credit drawn only when needed, and capital deployed only when an investment thesis fires.
This sourceDescribes a draw-on-demand credit facility: funds are drawn only when needed (e.g., to fund a working-capital gap), interest accrues only on the drawn amount, and a commitment fee is paid on the undrawn portion — the demand-pulled deferral of capital deployment.
Supported in partVerified against the work's full text
The CFI page supports the revolving-credit example (funds drawn only when needed, interest on drawn amount); it says nothing about pay-on-delivery or investment-thesis capital deployment.
“the business can access the funds at any time when needed.”
- In finance and procurement it is pay-on-delivery, revolving credit drawn only when needed, and capital deployed only when an investment thesis fires.
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