A) It has a fixed interest rate and a set repayment schedule over a specific term.
B) It is always secured by collateral, such as a house or car.
C) The outstanding balance can fluctuate, and you can repeatedly borrow, repay, and re-borrow funds up to a credit limit.
D) It is typically interest-free for the entire life of the loan.
Explanation
Revolving debt, like credit card debt, allows borrowers to draw down, repay, and then draw down again from an available credit line. The balance can change monthly based on usage and payments.
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