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 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

The lenders behind Spirit’s revolving credit line filed an objection to the reorganization plan last week, saying the proposal doesn’t account for the airline’s sharply higher costs.

From The Wall Street Journal • Apr. 16, 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 company also closed a revolving credit facility of up to $200 million, with an additional accordion option of up to $50 million.

From Barron's • Mar. 25, 2026

The streaming giant said it entered into a senior unsecured revolving credit agreement that provides up to $5 billion in financing for the Warner Bros. merger deal.

From MarketWatch • Dec. 22, 2025