revolving debt
noun [U]Definition
› FINANCE an amount of debt that is owed on something such as a credit card, and that changes according to how much money people borrow and pay back regularly: In 2006, the average American household carried about $7,200 in revolving debt (mostly on credit cards) and $21,000 in total debt.
(Definition of revolving debt noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
