English translation: Der Kredit ist nicht erneuerbar/revolvierend.
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
14:49 Nov 29, 2001
German to English translations [PRO] Bus/Financial - Finance (general) / Banking
German term or phrase:revalutieren
From a credit agreement.
The lending bank states that "Über den Kredit darf nur nach Maßgabe des in diesem Kreditvertrag vereinbarten Verwendungszwecks verfügt werden. Der Kredit ist nicht ***revalutierbar***."
Explanation: "revalutieren" in German banking terminology is the synonym of "revolve".
A "revolving loan" or "credit line" is a credit, that has a certain limit up to which it can be withdrawn, repaid and, afterwards, withdrawn again till the limit expires according to the respective agreement.