Definition of "revolving credit" [revolving credit]

• Credit repeatedly available up to a specified amount as periodic repayments are made. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Thom Sebastian sat back in his office chair, pushing aside the documents he'd been working on all morning, a revolving credit agreement for New Amsterdam Bank."