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

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

Targa will fund the acquisition using cash on hand and its existing $3.5 billion revolving credit facility.

From The Wall Street Journal • Dec. 1, 2025

The company plans to retire the shares of the common stock and fund the TKO share purchase using some $150 million from a revolving credit facility, according to the filings.

From Los Angeles Times • Apr. 8, 2024

Morgan Stanley's transaction kept the loans, a portfolio of revolving credit lines to private funds, called subscription lines, on its balance sheet, according to the sources and the regulatory filing.

From Reuters • Nov. 27, 2023