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 that back Spirit’s revolving credit line objected earlier this month to the company’s bankruptcy exit plan, saying it might not work if fuel prices remain high.

From The Wall Street Journal • Apr. 20, 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

“The fundamental trend here is consumers are done with revolving credit accounts,” Linford said.

From Barron's • Feb. 6, 2026