Credit that is automatically renewed as debts are paid off.
- And about 40% of non-real-estate consumer debt is revolving credit, much of which has adjustable rates.
- High outstanding debt on credit cards and other revolving credit can decrease your score.
- Morgan's biggest hit in Hollywood may well be the $1 billion revolving credit it granted DreamWorks in 1992, along with financing for a Gulfstream IV for the studio's execs.
For editors and proofreaders
Syllabification: re·volv·ing cred·it
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