- ⌂ a handgun equipped with a revolving cylinder containing several cartridges so that it can be fired repeatedly without being reloaded
- a person or thing that revolves
- A handgun having a revolving cylinder with several cartridge chambers that may be fired in succession.
- One that revolves, as a part of a mechanism.
- A revolving credit agreement.
revolver - Investment & Finance Definition
Short for revolving line of credit. A line of credit is given to a corporation in return for a commitment fee; the company can withdraw any or all of the credit line. Typically, revolving credit agreements are good for 364 days. If the company remains in good financial health, the revolving credit line is renegotiated. Banks consider revolvers risky because they have little profit incentive and limit the amount that can be loaned to other customers. Consequently, in tough economic times or when it is difficult to access the capital markets to sell stocks or bonds, banks are more conservative about issuing credit lines, or extend credit lines to only their best clients.