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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

revolv′ing cred′it


n.
credit automatically available up to a predetermined limit while payments are periodically made.
[1915–20]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
crédit permanent

revolving credit

n (Fin) → credito a termine rinnovabile automaticamente
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
The company added that this is in connection with its merger with Total System Services Inc (TSYS) and that the facilities will be available for borrowing on the date the merger becomes effective and will replace the company's and TSYS' existing secured credit facilities and unsecured revolving credit facility, respectively.
The amendment and restatement increased the size of the unsecured revolving credit facility from USD 2.0 billion to USD 2.5 billion, extended the maturity date of the unsecured revolving credit facility to May 23, 2023 with two 6-month extension options, and reduced HCP's borrowing costs.
The capacity of the unsecured revolving credit facility can be increased to $4.0 billion with the accordion expansion feature.
DDM Debt AB (STO:DDM2) announced on Monday an extension of its super senior revolving credit facility of EUR17m with a Swedish bank for a further six months, until 28 September 2018.
ContourGlobal Power Holdings SA, an international power-generation company, has signed a new EUR50m corporate revolving credit facility on September 6, 2017.
Loans under the revolving credit facility will bear interest, at the option of WOW!, at a rate equal to ABR plus 2.00% or LIBOR plus 3.00%.
General Motors Company (NYSE: GM), a United States-based automaker, has executed an unsecured USD14.5bn revolving credit facility.
Additionally the revolving credit facility will be used for general corporate purposes.
The new revolving credit facility carries an initial unused fee of 0.35% annually.
The participating banks in the revolving credit facility are BNP Paribas, Deutsche Bank Luxembourg S.A., Standard Chartered Bank (Dubai International Financial Centre Branch).
Muscat: Omani Qatari Telecommunications Company (Nawras) has signed two additional bilateral revolving credit facility agreements totalling OMR20 million with three-year tenure, for capital expenditure and working capital purposes, said a company statement released here yesterday.