line of credit
noun phrase
: the maximum credit allowed a buyer or borrower
also
: an agreement providing credit up to a certain amount
Examples of line of credit in a Sentence
Recent Examples on the Web
But on top of the offer to open a line of credit with the company came an offer that proved much more appealing for the teenaged Goggins.
—
Nicolas Vega, CNBC, 31 Mar. 2025
The company has a revolving line of credit agreement with a bank, which was extended to March 1, 2026, with a limit of $1,500,000.
—Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
However, the urgency escalated earlier this month when Habitat sent the city an email asking for an unsecured line of credit for $7.5 million to cover the funding gap.
—Jake Goodrick, Sacramento Bee, 14 Mar. 2025
This is due to adding another line of credit, having a hard credit inquiry performed and lowering your average credit account age, all of which influence your credit score.
—Ashley Donohoe, Sacramento Bee, 21 Mar. 2025
See All Example Sentences for line of credit
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Nicolas Vega, CNBC, 31 Mar. 2025
The company has a revolving line of credit agreement with a bank, which was extended to March 1, 2026, with a limit of $1,500,000.
—Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
However, the urgency escalated earlier this month when Habitat sent the city an email asking for an unsecured line of credit for $7.5 million to cover the funding gap.
—Jake Goodrick, Sacramento Bee, 14 Mar. 2025
This is due to adding another line of credit, having a hard credit inquiry performed and lowering your average credit account age, all of which influence your credit score.
—Ashley Donohoe, Sacramento Bee, 21 Mar. 2025
See All Example Sentences for line of credit
Cite this Entry
“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 21 Apr. 2025.
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