revolving credit

SEE SYNONYMS FOR revolving credit ON THESAURUS.COM

noun

credit automatically available up to a predetermined limit while payments are periodically made.Compare credit line(def 2).

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Origin of revolving credit

First recorded in 1915–20

Words nearby revolving credit

revolutions of 1848, revolve, revolver, revolving, revolving charge account, revolving credit, revolving door, revolving fund, revolving stage, revue, revulsant
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for revolving credit

revolving credit

noun

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