what is nonrevolving debt

  1. 3,674 Posts.
    lightbulb Created with Sketch. 13
    as aposed to normal debt, is it debt that is not paid off in installments??



    RELEASE: Consumer Credit (G19) [United States] ($6.0 billion)
    FIRST TAKE: Consumer credit outstanding rose $6 billion in July, about in line with expectations. Nonrevolving debt accounted for almost all the gains.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.