revolvements

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
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
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