Evergreen credit
(redirected from Evergreen Loans)Evergreen credit
Revolving credit without maturity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved