# Revolving business

- Canonical URL: https://www.gerhardmerk.de/revolving-business
- Post ID: 594950
- Modified: 2023-07-25T21:13:26+00:00
- Language: en

## Definition

Pursuant to Sec. 1, Para. 1, Sentence 2, № 7 of the German Banking Act, the entering into of an obligation to repurchase previously sold loan receivables before maturity. - The purpose of these transactions is to bring together borrowers who require loans with longer maturities and lenders who wish to invest money for shorter periods at a fixed interest rate in such a way that the funds for longer-term lending are raised through several short-duration, interdependent (revolving) loans granted by different lenders. The German Federal Financial Supervisory Authority has issued an explanatory leaflet on revolving business. - See Darlehn. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1