Credit Glossary Definition (English)
Revolving Account Defined
The following is in context to Credit, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"An account which requires at least a specified minimum payment each month plus a service charge on the balance. As the balance declines, the amount of the service charge, or interest, also declines."
Additional Languages
Additional Revolving Account Definition Starting Points
The following links are listed in alphabetical order. Please note we cannot guarantee Revolving Account definitions are contextually accurate to Credit at third party websites.
Expert Dictionary: Revolving Account
