Question

multiple choice question
the definition of revolving credit is:

loans that are made and the option is open - ended as to if you want to repay
loans made on a continuous basis and billed periodically for partial payment
loans that are paid back over a specific time with equal payments
loans that require full payment before extending additional credit

Explanation:

Revolving credit is an open-ended credit account that allows users to borrow repeatedly up to a set limit, with periodic billing for partial payments (minimum or more) rather than fixed equal payments over a set term, full upfront repayment, or optional repayment.

Answer:

loans made on a continuous basis and billed periodically for partial payment