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TeachMeFinance.com - explain Continuing agreement historic definition... Continuing agreement -- An agreement entered into by a borrower with the bank or other lender from which or whom he regularly borrows money on call. It obviates the making of a special or separate note each time a loan is effected. It contains all the usual provisions safeguarding the lender. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.