Vocab Bloom Hub

revolving charge account

/rɪˈvɒlvɪŋ tʃɑːdʒ əˈkaʊnt/

1 entry

phrase

/rɪˈvɒlvɪŋ tʃɑːdʒ əˈkaʊnt/C1formalbusiness
  • ruТип кредитного счета, который позволяет заемщику совершать покупки до определенного лимита и погашать задолженность с течением времени, с начислением процентов на непогашенный остаток.

A type of credit account that allows a borrower to make purchases up to a certain limit and pay off the balance over time, with interest charged on any unpaid balance.

  1. Revolving credit facilityC1formal

    A type of credit account that allows a borrower to repeatedly borrow and repay funds up to a set credit limit, with interest charged on the outstanding balance.

    ruВозобновляемый кредитный счёт

    • She used her revolving charge account to buy new furniture and paid off the balance over several months.
    • The bank offers a revolving charge account with a flexible repayment schedule.
    • He maxed out his revolving charge account and now has to pay high interest on the debt.