revolving credit

Noun
  1. A consumer credit line that can be used up to a certain limit or paid down at any time (synset 113396496)
    is a type of: consumer credit - a line of credit extended for personal or household use
    subtypes:
    • charge account, credit account, open account - credit extended by a business to a customer
    • charge card, charge plate, credit card, plastic - a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered
    • debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
    • smart card - a plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor; typically used to perform financial transactions
    • check overdraft credit, overdraft credit - credit provided by a bank in honoring a customer's overdrafts
    same as: charge account credit, open-end credit

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