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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Also, the company's financial services segment provides wholesale financing, finances retail revolving charge accounts and operating loans; and offers crop risk mitigation products and extended equipment warranties.
"Most of [Sears'] revolving charge accounts and credit accounts were reported by ZIP codes targeted to the areas where we had stores," Kissel, now retired, recalled in a telephone interview from his Northbrook, Ill., home.
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.