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Open-End Credit
(redirected from revolving credit)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.04 sec.

A type of revolving account that permits an individual to pay, on a monthly basis, only a portion of the total amount due.

This type of Consumer Credit is frequently used in conjunction with bank and department store credit cards.
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? References in periodicals archive
Port Townsend, Washington, USA announced it has closed on a five-year, US$ 35 million revolving credit agreement with The CIT Group/Business Credit Inc.
Port Townsend replaces credit facility by Solutions - for People, Processes and Paper
Leor) is pleased to announce that, following a ten-fold increase in the company's production since last Spring, it has entered into a $150,000,000 three-year senior secured, revolving credit facility with JPMorgan Chase Bank, N.
Leor Closes $150,000,000 Revolving Credit Facility with JPMorgan ... by Business Wire
0 million senior secured revolving credit facility, with Bank of America, N.
Quaker Fabric Completes Refinancing Deal by Business Wire
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