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revolving credit

Line breaks: re|volv¦ing credit

Definition of revolving credit in English:

noun

[mass noun]
Credit that is automatically renewed as debts are paid off: banks are not allowed to provide revolving credit on their charge cards [count noun]: it is not a straight loan but a revolving credit
More 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: vərˈbōs
adjective
using more words than are needed…