"revolving credit." YourDictionary, n.d. Web. 18 September 2018. <http://www.yourdictionary.com/revolving-credit>.
revolving credit. (n.d.). Retrieved September 18th, 2018, from http://www.yourdictionary.com/revolving-credit
revolving credit - Legal Definition
A renewable line of credit
over a certain period of time, usually synonymous with credit card account. The
borrowed amount is repaid to a merchant or bank over a length of time in
installments, consisting of part principal and part interest. Generally, the
amount of interest a creditor can charge is limited by state usury laws. Often more expensive than
other forms of credit.