credit automatically available up to a predetermined limit while payments are periodically made.: Compare credit line (def. 2).
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use revolving credit in a sentence
He’s excited about what could be a new normal for a lot of people — life without revolving credit card debt.Millions of consumers paid down their credit card balances during the pandemic. Let’s keep this trend going. | Michelle Singletary | May 21, 2021 | Washington Post
Earlier this month, the Fed reported that in October, revolving credit rose at a 7.5 percent annual rate.
British Dictionary definitions for revolving credit
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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012