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Definitions from WordNet

Definitions from the Web

Revolving Charge Account

Description:

A revolving charge account refers to a type of credit account that allows the holder to make purchases on credit and repay the balance over time, with the option to carry a balance from one month to the next. It offers a continuous line of credit based on a predetermined credit limit, with interest charged on the unpaid balance.

Examples:

Example 1 - Noun:

She opened a revolving charge account at the department store, enabling her to buy now and pay for the purchases later.

Example 2 - Verb:

He decided to apply for a revolving charge account to make it easier to manage his monthly expenses.

Example 3 - Adjective:

The credit card company offered her a revolving charge account with a generous credit limit.

Possible Related Products:

• Books about revolving charge accounts
• Credit cards with revolving charge account features
• Financial planning tools for revolving charge accounts