English > revolving credit: 1 sense > noun 1, possessionMeaning | A consumer credit line that can be used up to a certain limit or paid down at any time. |
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Synonyms | open-end credit, charge account credit |
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Narrower | credit account, charge account, open account | credit extended by a business to a customer |
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credit card, charge card, charge plate, 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 |
overdraft credit, check overdraft credit | credit provided by a bank in honoring a customer's overdrafts |
smart card | A plastic card containing a microprocessor that enables the holder to perform operations requiring data that is stored in the microprocessor |
Broader | consumer credit | A line of credit extended for personal or household use |
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Spanish | crédito renovable, crédito revolvente, crédito rotativo |
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