Lexic.us

Definition of Revolving credit

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

Definition of Revolving credit

1. Noun. Any form of credit that does not have a fixed number of payments ¹

¹ Source: wiktionary.com

Lexicographical Neighbors of Revolving Credit

Literary usage of Revolving credit

Below you will find example usage of this term as found in modern and/or classical literature:

1. Caribbean Basin Financing Opportunities: Guide to Financing Trade (1992)
"Application Application for financing from the revolving credit for Nontraditional Exports must be made to an eligible commercial bank or private finance ..."

2. Banking Practice: A Textbook for Colleges and Schools of Business Administration by Loyd Helvetius Langston, Nathan Ruggles Whitney (1921)
"The non-revolving credit is issued for a maximum amount, against which drawings ... The revolving credit, on the other hand, is not exhausted by drawings; ..."

3. Practical Bank Operation by Loyd Helvetius Langston, First National City Bank of New York (1921)
"The non-revolving credit is issued for a fixed amount up to which drawings ... The revolving credit, on the other hand, represents a continuing obligation ..."

4. Foreign Commercial Credits: A Study in the Financing of Foreign Trade by George William Edwards (1922)
"Therefore a revolving credit almost always contains certain limitations which apply to (a) payment of draft, (b) maturity of draft, and (c) period of time. ..."

5. Theory and Practice of International Commerce by Archibald John Wolfe (1919)
"In its "Handbook of Finance and Trade with South America" the National City Bank cites three classes of revolving credit: "A" in foreign country opens a ..."

6. Journal of the Institute of Bankers by Institute of Bankers (Great Britain) (1921)
"A revolving Credit is one opened with a bank which keeps " ' revolving itself.' ' A revolving credit is an indefinite credit.' " ' A traveller's Credit is ..."

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