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REVOLVING DEBT
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credit arrangement, such as a credit card, that allows a
customer to borrow against a pre-approved line of credit when
purchasing goods and services. The borrower is billed for
the amount that is actually borrowed plus any interest due.
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BACK TO GLOSSARY |
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Simplicity
Mortgage -
6180 E. State Street, Suite 5 - Rockford,
IL 61108
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