revolving credit

American  

noun

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

---

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

---

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

In July, the company said it secured a $900 million revolving credit facility from a consortium of banks to help support its data center buildout.

From The Wall Street Journal ● Sep. 18, 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 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

Random Word

Spin the wheel and learn a new word!

---