Definition of "nonrevolving" [nonrevolving]

• Not revolving, especially (finance) not being a revolving credit or revolving loan. (adjective)

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• "The category, known as nonrevolving credit, decreased in February 1.6%."
• "So-called nonrevolving debt, which includes education loans, jumped 6.75%, while credit card debt continue to decline, falling 8.5%."
• "Dish, which is controlled by satellite-television mogul Charles Ergen, said it will provide a debtor-in-possession credit facility to DBSD that will consist of a nonrevolving, multiple draw term loan of $87.5 million."