revolving credit

revolving credit

n.

Credit repeatedly available up to a specified amount as periodic repayments are made.

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revolving credit

n

(Economics, Accounting & Finance / Banking & Finance) 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

Thesaurus

Noun

1.

revolving credit - a consumer credit line that can be used up to a certain limit or paid down at any time charge account credit, open-end credit consumer credit - a line of credit extended for personal or household use charge account, credit account, open account - credit extended by a business to a customer charge card, charge plate, credit card, plastic - a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered; "do you take plastic?" debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account smart card - a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactions check overdraft credit, overdraft credit - credit provided by a bank in honoring a customer's overdrafts

Translations

revolving credit n (Fin) → credito a termine rinnovabile automaticamente