Finance / 

23 May 2009

'Transactional' versus 'Revolving' credit

Steve Waldman has a good article over on Seeking Alpha about the difference between “transactional” and “revolving” credit. As we are in the middle of what is often described as a ‘credit crisis,’ understanding the difference between these two products is fairly important, as each have quite different benefits and hazards and create different policy implications.

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