revolving debt
noun[U]
ukusFINANCE
anamountofdebtthat isowedon something such as acreditcard, and thatchangesaccordingto how muchmoneypeopleborrowandpaybackregularly:
In 2006, theaverageAmericanhouseholdcarriedabout $7,200 inrevolvingdebt(mostlyoncreditcards) and $21,000 intotaldebt.