Forbes Media violated covenants on a revolving credit line that it took out in 2006, according to a letter sent to the company by J.P. Morgan.

据摩根大通(J . P. Morgan)发给福布斯传媒的一封信来看，福布斯传媒违反了2006年签订的一项循环信贷条款。

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It will use the money to pay down 25% of its revolving line of credit.

它将用来偿还其25%的循环信用额度。

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This type of loan works like a credit card, and has a revolving line of credit, in which the borrower may borrow against the principal more than once over the life of the loan.

这类作品像信用卡贷款、循环贷款额度已经、其中对借款人可借主不止一次摊还贷款。

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At the mercy of the banks, DeWelt agreed to a two-point increase in the interest rate, to 7.75% on its revolving line of credit borrowings and 6.93% on its term loan.

FORBES: Mismeasurement

With these cards, consumers are given a revolving line of credit, but are encouraged to exceed it significantly (by how much remains unknown) as long as they pay off this excess amount each month.

FORBES: The Pitfalls of No Pre-Set Spending Limit Credit Cards