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

The club also confirmed borrowings on a revolving credit facility on 31 March were £262.5m.

From BBC • May 27, 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

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

The streamer has entered into a $5 billion unsecured revolving credit facility and two $10 billion senior unsecured delayed-draw term loan facilities, consisting of a two-year facility and a three-year facility.

From Barron's • Dec. 22, 2025