Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Not
revolving , especially (finance) not being arevolving credit orrevolving loan .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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So-called nonrevolving debt, which includes education loans, jumped 6.75%, while credit card debt continue to decline, falling 8.5%.
Student loans push up October consumer debt by most in 2 years 2010
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The category, known as nonrevolving credit, decreased in February 1.6%.
Consumer Credit Declined in February Jeff Bater 2010
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Dish, which is controlled by satellite-television mogul Charles Ergen, said it will provide a debtor-in-possession credit facility to DBSD that will consist of a nonrevolving, multiple draw term loan of $87.5 million.
Creditors Spar Over Proposed Dish Buyout Joseph Checkler 2011
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January nonrevolving credit rose $9.14 billion to $1.592 trillion.
Consumer Credit Declined in February Jeff Bater 2010
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Revolving credit was down some 3.5%, while nonrevolving credit sank at an annual rate of 4%.
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Revolving credit, the kind carried on credit cards, grew at a 6.8% annual clip, and nonrevolving credit, such as college and auto loans, rose at a 6.6% pace.
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It also agreed to increase pricing on the loans and converted a portion of the revolver to nonrevolving status.
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Revolving credit, which includes credit cards, has grown faster than nonrevolving credit, or installment loans such as mortgages, since May 2006, according to the Fed.
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Credit-card borrowing rose at a 5.9% pace in February, but demand for auto loans and other kinds of nonrevolving debt slowed to a 0.4% rate.
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The strength in March had come from a big 3.9 percent jump in nonrevolving credit, the category that includes auto loans.
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