Feedback
Line of credit
Meaning
Noun
●
In Banking & Finance:
A
credit facility
under which a
bank
or other
lender
agrees
to provide a
client
with
loans
of money
up to
an
approved
limit
during a
predefined
period
. The
client
may
borrow
the
entire
credit
amount
all at once
or in
portions
during the
specified
period
.
●
In Banking & Finance:
The
maximum
borrowable
amount made available by that facility.
Sourced from
Wiktionary
Synonyms
Credit Line
Credit Lines
Credit Facility
Join 10 million students and professionals writing 70% faster at QuillBot.com
Start writing better
