What Is the Difference Between a Line of Credit and a Revolving

question 301

Short Answer

What is the difference between a line of credit and a revolving credit agreement?
A line of credit is normally used by charitable and public-sector organizations, while a revolving credit agreement is usually used by private-sector business firms.
More money can be borrowed with a line of credit than with a revolving credit agreement.
There is no guarantee that the money will be available when it is requested in a line of credit, but there is an agreement that it will be available when requested in a revolving credit agreement.
A line of credit is only obtainable from a credit union, while a revolving credit agreement is only obtainable from a bank.
All of these

---

Definitions:

Jobs Processed

The number of tasks or work items completed in a given period.

Cumulative Deviation

The sum of differences between observed and expected values, often used in quality control and process monitoring.

Planned Outputs

The expected results or outcomes that are intended to be achieved from a project or initiative.

Actual Outputs

The real and measurable products or results generated by a system or process.