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revolving charge account

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Noun1.revolving charge account - a charge account that does not have to be paid to zero balance
charge account, credit account, open account - credit extended by a business to a customer


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Examples of these include (but are not limited to) the LIFO index for taxpayers using dollar-value LIFO inventory method, the deferred gross profit for taxpayers with revolving charge accounts, intercompany adjustments for taxpayers who file consolidated returns, and a temporary liquidation of a LIFO layer at the installment date.
In addition, the company continued to move customers from an installment-based lending program to revolving charge accounts.
com credit card, a revolving charge account, will be available through Fingerhut; in addition, checks, Visa, Discover and MasterCard will be accepted.
 
 
 
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