What does revolving mean?

Revolving credit is defined as consumer credit that charges interest and is either of an indefinite duration or of a defined duration that is automatically extendible, granted to natural persons in which the credit provided is not fully repaid at the end of the agreed period. So, the credit limit available decreases as you draw on it, mainly through the acquisition of goods or services, cash withdrawals, or transfers of the credit granted. In turn, the borrower will make monthly payments (revolving payments) that correspond, in this order, to the following concepts: payment of interest (remuneration), fees, expenses, compensation and capital repayments.