Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Examples of revolving credits used by consumers include credit cards. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.

A revolving loan facility provides a borrower with a maximum aggregate amount of capital, available over a specified period of time. However, unlike a term loan, the revolving loan facility allows the borrower to drawdown, repay and re-draw loans advanced to it of the available capital during the term of the facility. Each loan is borrowed for a set period of time, usually one, three or six months, after which time it is technically repayable. Repayment of a revolving loan is achieved either by scheduled reductions in the total amount of the facility over time, or by all outstanding loans being repaid on the date of termination. A revolving loan made to refinance another revolving loan which matures on the same date as the drawing of the second revolving loan is known as a "rollover loan", if made in the same currency and drawn by the same borrower as the first revolving loan. The conditions to be satisfied for drawing a rollover loan are typically less onerous than for other loans.

Chapter 14 is an American alternative metalcore rock band from Carlsbad, California currently consisting of vocalist Chad Ackerman (Destroy the Runner, As I Lay Dying, Austrian Death Machine), guitarist Tanner Sparks (Destroy the Runner), bassist Edwin Peraza, and Jonathan Knauer on drums.

Founded in 2003 by Ackerman and Sparks the band also consisted of drummer Mike Catalano (Chiodos, Destroy the Runner), guitarist Noah Slifka (In Fear and Faith) and bassist Eddie Hudson (Paper Mache). The band was unable to put together a full-length album but did complete two full U.S. tours and several demos without a label or financial backing.

After four years trying to land a record deal the band split up in 2007 when Ackerman and Sparks were offered the roles of vocalist and bassist for Destroy the Runner’s departing Kyle Setter and Jeremiah Crespo respectively. Noah Slifka went on to join In Fear and Faith the same year while Mike Catalano would join back up with Ackerman and Sparks in Destroy the Runner in 2008. Eddie Hudson moved on to play bass for the band Paper Mache. Chad explains what happened with Destroy The Runner and what Chapter 14 has for future plans