revolving charge account

English - Turkish

English - English

Definition of revolving charge account in English English dictionary: a charge account that does not have to be paid to zero balance
revolving account: 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
revolving account: 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
revolving account: 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
revolving account: 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

Hyphenation

re·vol·ving charge ac·count

rivälvîng çärc ıkaunt

/rēˈvälvəɴɢ ˈʧärʤ əˈkount/ /riːˈvɑːlvɪŋ ˈʧɑːrʤ əˈkaʊnt/

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