revolving credit


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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 ?
M2 EQUITYBITES-August 15, 2017-Kayne Anderson Energy Development signs USD60m term loan and USD70m revolving credit facility
M2 PHARMA-September 19, 2014-Physicians Realty Trust completes USD400m unsecured revolving credit facility, with accordion feature for additional USD350m in borrowing capacity
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.
M2 EQUITYBITES-September 19, 2014-Physicians Realty Trust completes USD400m unsecured revolving credit facility, with accordion feature for additional USD350m in borrowing capacity
In addition, Reckson OP's liquidity and financial flexibility will weaken due to the retirement of its unsecured revolving credit facility.
The new facility comprises of USD300m of tranche A term loans and a USD500m revolving credit facility and the company used the proceeds of the new tranche A term loans and USD46m of initial borrowings under the new revolving credit facility, to repay USD122m of tranche A term loans and USD215m of revolving credit loans under the existing credit agreement together with the transaction fees and expenses.
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.
M2 EQUITYBITES-June 17, 2011-Revlon Inc concludes refinancing of new USD140m 2011 revolving credit facility(C)2011 M2 COMMUNICATIONS http://www.
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").
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").
0 million senior secured revolving credit facility, with Bank of America, N.