revolving credit

Also found in: Thesaurus, Legal, Financial, Wikipedia.

re·volv·ing credit

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

(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

credit automatically available up to a predetermined limit while payments are periodically made.
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.
crédit permanent

revolving credit

n (Fin) → credito a termine rinnovabile automaticamente
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
If you have revolving credit, you can choose to pay off the amount immediately, or over months by paying a minimum payment.
M2 EQUITYBITES-July 1, 2019-Jason Industries extends & amends revolving credit facility
Global Banking News-July 1, 2019-Jason Industries extends & amends revolving credit facility
The receipt of this explanatory paragraph resulted in a breach of a covenant under Fred's Revolving Credit Agreement, which constitutes an event of default under such agreement.
The new credit facilities consist of a USD 165 million senior secured term loan facility, led by an investment fund managed by a leading US-based global fixed income asset manager, along with a USD 45 million revolving credit facility from the Company's current revolving credit facility lender.
The amended credit facility is comprised of a $3.0 billion unsecured revolving credit facility.
NORDIC BUSINESS REPORT-March 13, 2018-DDM Debt announces extension of revolving credit facility by six months
It aims to initially use the net proceeds from this offering to prepay amounts currently outstanding under NII's unsecured revolving credit facility and commercial paper borrowings and subsequently draw on the unsecured revolving credit facility or use cash on hand to pay Nabors Industries Inc 's outstanding 6.15 percent senior notes due February 2018 at maturity.
under the revolving credit facility, with an additional USD 100 million of revolving credit facility borrowings to become available upon compliance by WOW!
Auto Business News-May 27, 2016--General Motors executes unsecured USD14.5bn revolving credit facility
Cumulus Media has signed non-disclosure agreements with some of its creditors so the broadcast owner can discuss potentially exchanging some of its notes for revolving credit and equity.