revolving credit
noun
credit automatically available up to a predetermined limit while payments are periodically made.
Compare credit line(def 2).
Origin of revolving credit
First recorded in 1915–20
Words nearby revolving credit
revolutions of 1848,
revolve,
revolver,
revolving,
revolving charge account,
revolving credit,
revolving door,
revolving fund,
revolving stage,
revue,
revulsant
British Dictionary definitions for revolving credit
revolving credit
noun
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