Revolving credit

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Notion

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Science and technology

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What Wikipedia says

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.

Excerpt from the Wikipedia article “Revolving credit”, under the CC BY-SA 4.0 license. Read the article on Wikipedia