revolving credit

Noun

Meaning

a consumer credit line that can be used up to a certain limit or paid down at any time

Source: WordNet

Synonyms

open-end credit charge account credit

Hypernyms

consumer credit

Hyponyms

plastic charge card smart card debit card charge account credit card

Examples

During the fourth quarter of 2019, MEDNAX used $209.8 million to repay borrowings on its revolving line of credit and as of December 31, 2019, the Company had no borrowings under its revolving credit facility. Source: Internet

Ford had earlier drawn down over $15 billion from revolving credit lines to ride out the pandemic, which forced the shutdown of its North American and European factories during the past month. Source: Internet

At February 1, 1998, $34,320,000 was available under the senior revolving credit facility. Source: Internet

Audley Group, the UK builder of luxury retirement villages, has signed a £125m revolving credit line as it follows up a 2017 equity raising as part of an “aggressive growth strategy”. Source: Internet

FortisOntario has a $30 million unsecured committed revolving credit facility, maturing in June 2015. Source: Internet

Taking into account the peculiarities of Hotel and Restaurant business, it is also possible to apply for Visa Business card with a revolving credit line to operatively make necessary payments at any point of the world. Source: Internet

Close letter words and terms

revolving around revolving chair revolving charge account revolving door revolving door syndrome revolving doors