What is a Revolving Line of Credit?

Group of answer choices

a) A situation involving a default by a borrower where the bank grants a reprieve.

b) A facility provided by a bank which allows the customer to repeatedly borrow money from the bank and pay off the loan, in whole or in part, up to a maximum amount.

c) A term loan whose interest rate revolves around LIBOR.

d) A type of bank deposit which provides check writing