revolving credit

noun
re·​volv·​ing credit

Legal Definition of revolving credit

: a credit which may be used repeatedly up to the limit specified after partial or total repayments have been made

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Cite this Entry

“Revolving credit.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/revolving%20credit. Accessed 27 Nov. 2020.

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