revolvement

Noun

revolvement (countable and uncountable, plural revolvements)

1. The act of revolving.
   • In the Arab World, an area considered by Western powers as their preserve, nonalignment meant the termination of revolvement in their orbit .1975, Nejla M. Abu Izzeddin, Nasser of the Arabs
   • You will see them but not before your own world intensifies its outer eccentric movement or revolvement.2011, Elwood Babbitt, Wisdom from the Master Forces, page 165
2. The time period from when credit in a revolving credit account is granted until the point when it is due or up for renewal.
   • In case of a non-automatic revolving credit, the issuing bank must amend the credit each time a revolvement is due.2016, Kim Sindberg, From A to UCP: Key Documentary Credit concepts explained, page 194
   • When the revolvement is automatic there is no requirement for any amendment from the issuing bank.2017, Nisha S Koshal, Understanding Letters of Credit
3. The distribution of equity capital to members of a cooperative, based on their participation.
   • Mid-America Dairymen Inc, Springfield, MO, has announced revolvement of nearly $3.1 million in equity capital to its 13,000 member families, brining total equity returned to members in 1992 to more than $11.6 million.1992, Farmer Cooperatives, page 15
   • The bylaws of the institution clearly provide that there is no express or implied right for such capital to be retired at the end of the revolvement cycle or at any other time ;2001, Code of Federal Regulations, page 163