line of credit
Meaning
- 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.
- The maximum borrowable amount made available by that facility.
Synonyms
bank line
personal credit line
personal line of credit
limit of credit
high credit
Translations
Notes
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