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.

This entry was converted from an older version of the site; if desired, it can be viewed in its original format.