AFUDC Definition

Bookmark and Share

AFUDC is Accumulated Funds Used During Construction or Allowance for Funds Used During Construction.

Learn new Accounting Terms

ARBITRAGEUR is traditionally someone who indulges in arbitrage of any sort; now a Wall Street term for a professional investor who specializes in issues during takeovers.

REVOLVING LINE OF CREDIT in commercial banking is a contractual agreement between a bank and, usually, a company where the bank agrees to provide loans up to a specified maximum over a specified period, usually a year or more. In consumer banking, it is a loan account requiring monthly payments less than the full amount of the loan, and the balance is carried forward with a finance charge on that balance. Also known as REVOLVING CREDIT.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.