revolving account

listen to the pronunciation of revolving account
English - Turkish
döner hesabı
English - English
An account, which requires at least a specified minimum payment each month plus a service charge on the balance As the balance declines, the amount of the service charge, or interest, also declines
An account with no set term of when the money borrowed has to be paid back The balance owed can change, as can the payment being made Most credit card accounts are revolving
An account, which requires at least a specified minimum payment, each month plus a service charge on the balance As the balance declines, the amount of the service charge, or interest, also declines
A type of credit account where a consumer has the option to pay the debt in full each month or to make a minimum monthly payment based upon the outstanding balance Examples include department stores, gas and oil companies and bank-issued credit cards
revolving charge account
a charge account that does not have to be paid to zero balance
revolving account

    Hyphenation

    re·vol·ving ac·count

    Turkish pronunciation

    rivälvîng ıkaunt

    Pronunciation

    /rēˈvälvəɴɢ əˈkount/ /riːˈvɑːlvɪŋ əˈkaʊnt/
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