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Revolver

Definition of 'Revolver'

This is a term used by credit card companies to describe customers who do not pay their credit card balance in full each month, thereby incurring interest charges. Revolvers, sometimes called 'Extended Credit Takers' make the most profit for credit card companies, contrasting with 'Full payers' who make little or no profit. The term revolver comes from the concept of 'revolving credit' - a credit facility with a limit that can be drawn, repaid and drawn again without any penalty other than interest.

Use the links below to locate the term you are looking for. If you can't locate it, please get in touch.

Credit Jargon Starting 'G'

Credit Jargon Starting 'I'

Credit Jargon Starting 'J'

Credit Jargon Starting 'L'

Credit Jargon Starting 'M'

Credit Jargon Starting 'S'

Credit Jargon Starting 'T'

Credit Jargon Starting 'V'

Credit Jargon Starting 'W'

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