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

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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

It takes United's overall debt to £1.15bn, made up of the historic debt, which now stands at £578m, the £200m outstanding on its revolving credit facility, and £375m in outstanding transfer fees.

From BBC ● Sep. 24, 2026

The Series C investment, which included other venture-capital firms, includes $800 million in equity and a $250 million revolving credit facility.

From The Wall Street Journal ● Aug. 19, 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 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

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