Fodder. Fodder or animal feed is any agricultural foodstuff used specifically to feed domesticated livestock, such as cattle, goats, sheep, horses, chickens and pigs. Most animal feed is from plants, but some is of animal origin.
Credit Period. The period of time during which a firm grants credit to a customer. At the end of the credit period, the customer is expected to have paid for all goods or services he/she has purchased.
Definition. The specified time period after approval of a home equity line of credit (HELOC) during which the borrower can draw on the credit line. For example, a HELOC might be accessible for a period of 10 years on an as needed basis. In some cases, the repayment period and the draw period are the same.