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 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

Last August, a group of holders of the retailer’s $3.25 billion revolving credit facility entered a pact committing to move in lockstep as they began negotiating with the company on restructuring options.

From The Wall Street Journal • Apr. 15, 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

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