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revolving credit

Syllabification: re·volv·ing cred·it

Definition of revolving credit in English:

noun

Credit that is automatically renewed as debts are paid off.
Example sentences
  • 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.

Definition of revolving credit in:

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Pronunciation: inˈɡrāSHēˌāt
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