FINANCE,BANKING→revolving line of credit:Therecentsharpincreaseinbankruptcyfilingshas beenprimarilycausedbyrevolvingcredit.(Definition ofrevolving creditfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofrevolving credit
revolving creditThe loans had been made on arevolvingcreditagreement.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.While installment debt is considered in risk scoring systems it is a distant second in its importance behind therevolvingcreditcard debt.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Credit cards arerevolvingcreditinstruments that do not need to be paid in full every month.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Arevolvingcreditline allows borrowers to draw down, repay and reborrow as often as necessary.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This is in the nature ofrevolvingcreditentitling the holder to withdraw up to the limit sanctioned.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Usually this covers all the assets of a corporation and is often used forrevolvingcreditlines.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In addition, the history of payment of loans andrevolvingcreditis considered.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Opposed to closed-end credits there are also open-end credits that are also known asrevolvingcreditlines.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.It was the first store to offerrevolvingcreditand the first department store to use escalators.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Credit cards are an example ofrevolvingcreditused by consumers.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/revolving-credit##
