Definition of revolving credit in English:

revolving credit

Line breaks: re|volv¦ing credit

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.

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Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea

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