revolving loan

noun

A type of loan that is secured against a property and allows the owner to borrow and repay money at leisure. Periodic payments of at least accumulated interest are required, but the loan is fully open: it may be paid out in whole or in part at any time and, if there is still money available under the loan ceiling, the borrower may take more money for his or her use.

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Meanings

nounrevolving loan (plural revolving loans)

plural revolving loans

  1. businessA type of loan that is secured against a property and allows the owner to borrow and repay money at leisure. Periodic payments of at least accumulated interest are required, but the loan is fully open: it may be paid out in whole or in part at any time and, if there is still money available under the loan ceiling, the borrower may take more money for his or her use.
Cite this entry
APA

revolving loan. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/revolving%20loan

MLA

“revolving loan.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/revolving%20loan. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “revolving loan,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/revolving%20loan.

Source: revolving loan on Wiktionary, CC BY-SA 4.0.