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Article L312-57 of the French Consumer Code

Revolving credit means a credit facility which, whether or not accompanied by the use of a credit card, offers its beneficiary the possibility of using the amount of credit granted in instalments, on the dates of their choice.

Original in French 🇫🇷
Article L312-57


Constitue un crédit renouvelable, une ouverture de crédit qui, assortie ou non de l’usage d’une carte de crédit, offre à son bénéficiaire la possibilité de disposer de façon fractionnée, aux dates de son choix, du montant du crédit consenti.

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