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

See Examples For:

revolving credit

On Sept. 29, it arranged $30 billion in credit facilities, replacing a $5 billion revolving credit line, which works much like a corporate credit card.

From MarketWatch ● Oct. 8, 2026

United confirmed it made three further drawdowns from its revolving credit limit, on 29 and 31 July and 28 August, totalling £120m.

From BBC ● Sep. 24, 2026

Nehls only disclosed a handful of bank accounts, stock and a mutual fund — all worth less than $15,000, while listing liabilities in the form of revolving credit from three credit card companies.

From Salon ● Jul. 24, 2026

The company had to draw $2.15 billion from its revolving credit facility to pay Netflix a $2.8-billion termination fee that Warner Bros.

From Los Angeles Times ● May 4, 2026

The lenders behind Spirit’s revolving credit line filed an objection to the reorganization plan last week, saying the proposal doesn’t account for the airline’s sharply higher costs.

From The Wall Street Journal ● Apr. 16, 2026