An account that maintains a balance each month.
An account that requires a minimum payment each month plus service charges on the remaining balance. As the balance declines, so does the service charge.
A type of credit account in which 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.
An account that requires a minimum payment each month plus a service charge on the remaining balances. As the balance declines, so do the service charges.
A form of credit that allows you to continually borrow against your account, and as you make a payment toward your account, that money becomes available for you to use again.
A credit account in which one pays a minimum due, usually $10, or 1/365 of the balance, monthly and incurs interest on the remaining revolved balance
An account, such as a credit card, on which you pay all or part of the outstanding balance at regular intervals, usually monthly. Amounts become available again when they are paid. Compare installment 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.
An account that does not require the entire balance to be paid in full, rather you make minimum payments, generally on a monthly basis.
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 requiring a minimum monthly payment plus a service charge on the balance. Interest charged declines as the balance is reduced.
An account from which credit is automatically available up to a predetermined maximum limit as long as a customer makes regular payments.
