revolving credit


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Related to revolving credit: Revolving credit facility, Revolving line of credit

re·volv·ing credit

 (rĭ-vŏl′vĭng)
n.
Credit repeatedly available up to a specified amount as periodic repayments are made.

revolving credit

n
(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

revolv′ing cred′it


n.
credit automatically available up to a predetermined limit while payments are periodically made.
[1915–20]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.revolving credit - a consumer credit line that can be used up to a certain limit or paid down at any time
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
crédit permanent

revolving credit

n (Fin) → credito a termine rinnovabile automaticamente
References in periodicals archive ?
has replaced its $150 million Senior Secured Revolving Credit Facility with a new Senior Secured Revolving Credit Facility.
He phased out his revolving credit card and switched to a charge card after 18 months of operation.
the "Company"), consummated the previously-disclosed refinancing of its existing revolving credit facility.
As part of the refinancing, the Company's domestic operating subsidiaries entered into a new $55 million secured revolving credit facility as well as a $15 million term loan.
In addition, Reckson OP's liquidity and financial flexibility will weaken due to the retirement of its unsecured revolving credit facility.
The agreement increases Arch's revolving credit line by $5 million, to $30 million.
Leor) is pleased to announce that, following a ten-fold increase in the company's production since last Spring, it has entered into a $150,000,000 three-year senior secured, revolving credit facility with JPMorgan Chase Bank, N.
A five-year, $3 billion revolving credit facility to GM;
RCPC also amended its existing $160 million multi-currency revolving credit facility under its 2004 bank credit agreement and extended its maturity through the same 5-year period (the "2006 Revolving Credit Facility" and, together with the 2006 Term Loan Facility, the "2006 Credit Facilities").
25 billion revolving credit agreement has been completed with its bank group.
As part of the refinancing, RCPC expects to refinance and replace its existing $800 million term loan with a new 5-year $840 million term loan facility (the "2006 Term Loan Facility") and amend its existing $160 million multi-currency revolving credit facility and extend its maturity through the same 5-year period (the "2006 Revolving Credit Facility" and, together with the 2006 Term Loan Facility, the "2006 Credit Facilities").
Consistent with these new financing arrangements, the proceeds of the new term loans were used to repay, in full, all outstanding obligations under the term loan facility previously provided by Bank of America pursuant to the terms of Quaker's May 18, 2005 senior secured credit facility with the Bank, and the Company's Bank of America loan agreement was amended and restated to reflect the terms of the new revolving credit facility.