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

Last August, a group of holders of the retailer’s $3.25 billion revolving credit facility entered a pact committing to move in lockstep as they began negotiating with the company on restructuring options.

From The Wall Street Journal • Apr. 15, 2026

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

Wall Street seems to agree: Susquehanna analysts in January made the case for Affirm to take market share from revolving credit over time.

From Barron's • Feb. 6, 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

Zions has filed a lawsuit to recover more than $60 million that it lent to investment funds that were using revolving credit facilities to buy distressed commercial mortgage loans.

From The Wall Street Journal • Oct. 20, 2025