revolvement

From revolve +‎ -ment.

revolvement (countable and uncountable, plural revolvements)

1. The act of revolving.
   • 1975, Nejla M. Abu Izzeddin, Nasser of the Arabs:

     In the Arab World, an area considered by Western powers as their preserve, nonalignment meant the termination of revolvement in their orbit .

   • 2011, Elwood Babbitt, Wisdom from the Master Forces, page 165:

     You will see them but not before your own world intensifies its outer eccentric movement or revolvement.

   • 2024, P. Kandasubbu, The Great Indian Astrology, page 192:

     This angular revolvement shows the parallax movement of sun.

2. (finance) The time period from when credit in a revolving credit account is granted until the point when it is due or up for renewal.
   • 2016, Kim Sindberg, From A to UCP: Key Documentary Credit concepts explained, page 194:

     In case of a non-automatic revolving credit, the issuing bank must amend the credit each time a revolvement is due.

   • 2017, Nisha S Koshal, Understanding Letters of Credit:

     When the revolvement is automatic there is no requirement for any amendment from the issuing bank.

   • 2020, Rupnarayan Bose, Letters of Credit: Theory and Practice:

     A revolving credit may also be cumulative. In such instances, any undrawn balance in one revolvement is carried forward to the next.

3. (finance) The distribution of equity capital to members of a cooperative, based on their participation.
   • 1992, Farmer Cooperatives, page 15:

     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.

   • 2001, Code of Federal Regulations, page 163:

     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 ;

   • 2007, The Cooperative Accountant - Volume 60, page 16:

     Unfortunately, the Cooperative will not keep pace with its growing mound of allocated equity, in which case the board of directors must either lengthen the revolvement cycle or borrow long term debt to shore-up and maintain the Cooperative's liquidity position, both of which weaken value proposition for patrons .