revolving credit in English
noun
1
credit that is automatically renewed as debts are paid off.
And about 40% of non-real-estate consumer debt is revolving credit , much of which has adjustable rates.
Use "revolving credit" in a sentence
Below are sample sentences containing the word "revolving credit" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "revolving credit", or refer to the context using the word "revolving credit" in the English Dictionary.
1. Letters of credit under the revolving credit facility amounted to $318 million at March 31, 2003.
2. 18 Proceeds will be used primarily to repay revolving credit borrowings, to finance new store openings and for working capital.
3. This principle has been somewhat restricted in order to accommodate modern financing practices that require the security to be somewhat independent of the secured obligation (e.g. revolving credit transactions