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

See Examples For:

revolving credit

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 closure of the revolving credit facility comes nearly two months after Nscale secured $790 million in financing to build out a data center project in Norway.

From The Wall Street Journal ● Jul. 7, 2026

The club also confirmed borrowings on a revolving credit facility on 31 March were £262.5m.

From BBC ● May 27, 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

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