单词 | revolving credit |
释义 | > as lemmasrevolving credit revolving credit n. Economics credit that is automatically renewed as debts are cleared (see also quot. 1919); a credit arrangement of this nature. ΚΠ 1845 U.S. Mag. & Democratic Rev. Feb. 197/2 Most fortunately there is in operation now no extensive system of banking credits revolving round. 1864 J. Gallop Let. 1 Feb. in Bar Rep. (1868) 7 824/1 Original invoice to be forwarded to us. This credit to be revolving, as per margin. [In margin of letter] This credit to be revolving, and open as often as covered by shipment in accordance with the within-named conditions.] 1885 Central Law Jrnl. 21 460/2 [The company] would be at liberty..to draw another £10000, to be covered in like manner, such a credit being known in the mercantile world by the name of a ‘revolving credit’. 1919 W. Thomson Dict. Banking (ed. 2) 564/2 Revolving credit, a credit opened with a bank by an importer in order to enable an exporter to obtain payment for goods when ready for shipment. 1953 Changing Times May 28/2 Revolving credit is used mostly in specialty stores, such as men's shops. 1972 Daily Tel. 15 Mar. 17 Midland Bank yesterday became the first of the big clearing banks to introduce a permanently revolving credit scheme for private customers. 2000 Printing World 7 Feb. 8/5 Long-term borrowings at December 31 now amount to £469.5m which includes a £46.0m drawdown under a revolving credit facility. < as lemmas |
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