revolving credit Sentence Examples
- The credit card provides revolving credit, allowing the cardholder to borrow repeatedly up to a set limit.
- Revolving credit is a type of loan that can be used for various purchases and repaid over time with interest.
- Home equity lines of credit are examples of revolving credit that use the borrower's home equity as collateral.
- Revolving credit accounts require regular payments, and the available credit is replenished as payments are made.
- Using revolving credit wisely can help build credit history and improve credit scores.
- Mismanaging revolving credit can lead to high debt and damage to one's creditworthiness.
- Interest rates on revolving credit can be variable or fixed, depending on the type of account.
- Revolving credit balances are reported to credit bureaus, which can impact the borrower's overall credit profile.
- It's important to compare interest rates and fees before choosing a revolving credit account.
- Businesses also utilize revolving credit facilities to meet their short-term financing needs.
revolving credit Meaning
Wordnet
revolving credit (n)
a consumer credit line that can be used up to a certain limit or paid down at any time
Synonyms & Antonyms of revolving credit
No Synonyms and anytonyms found
FAQs About the word revolving credit
a consumer credit line that can be used up to a certain limit or paid down at any time
No synonyms found.
No antonyms found.
The credit card provides revolving credit, allowing the cardholder to borrow repeatedly up to a set limit.
Revolving credit is a type of loan that can be used for various purchases and repaid over time with interest.
Home equity lines of credit are examples of revolving credit that use the borrower's home equity as collateral.
Revolving credit accounts require regular payments, and the available credit is replenished as payments are made.
