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Revolving credit

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What Is Revolving Credit?

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What is REVOLVING CREDIT? What does REVOLVING CREDIT mean? REVOLVING CREDIT meaning

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6.4 Credit: Revolving Credit

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What is REVOLVING CREDIT? What does REVOLVING CREDIT Mean?

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Understanding Revolving Credit

Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.