Revolving account

From Wikipedia, the free encyclopedia
Jump to: navigation, search

A revolving account is an account created by a lender to represent debts where the outstanding balance does not have to be paid in full every month by the borrower to the lender. The borrower may be required to make a minimum payment, based on the balance amount. The most common example of a revolving account is a credit card.


Personal tools
Namespaces
Variants
Actions
Navigation
Interaction
Toolbox
Print/export