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

Separately, Oscar Health said it has entered into a $475 million secured, three-year revolving credit facility.

From The Wall Street Journal • Feb. 10, 2026

Wall Street seems to agree: Susquehanna analysts in January made the case for Affirm to take market share from revolving credit over time.

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

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

Cemex expects to close the refinancing of a $1 billion loan and $2 billion revolving credit facility on Oct.

From Reuters • Oct. 26, 2023