Evergreen credit

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Evergreen credit

Revolving credit without maturity.

Evergreen Credit

A revolving line-of-credit without a maturity date. As with other revolving lines-of-credit, the borrower may take and repay funds as needed up to a certain limit. See also: Evergreen loan.
References in periodicals archive ?
7m from the North East Investment Fund (NEIF), an evergreen loan fund also administered by the LEP.
What we inherited in the banking sector in 2014, what were the imperatives that made banks continue to evergreen loans, continue to push the problems under the carpet and avoid taking the harsh reality of a failed management into account.