revolving credit

American  

noun

1. credit automatically available up to a predetermined limit while payments are periodically made.

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revolving credit British  

noun

1. a letter of credit for a fixed sum, specifying that the beneficiary may make repeated use of the credit provided that the fixed sum is never exceeded

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Etymology

Origin of revolving credit

First recorded in 1915–20

Example Sentences

In addition to the fundraising, OpenAI said Tuesday it had expanded its existing revolving credit facility to about $4.7 billion.

From MarketWatch • Mar. 31, 2026

The company also closed a revolving credit facility of up to $200 million, with an additional accordion option of up to $50 million.

From Barron's • Mar. 25, 2026

Separately, Oscar Health said it has entered into a $475 million secured, three-year revolving credit facility.

From The Wall Street Journal • Feb. 10, 2026

The streaming giant said it entered into a senior unsecured revolving credit agreement that provides up to $5 billion in financing for the Warner Bros. merger deal.

From MarketWatch • Dec. 22, 2025

Targa will fund the acquisition using cash on hand and its existing $3.5 billion revolving credit facility.

From The Wall Street Journal • Dec. 1, 2025