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
The company completed an underwritten public offering of 1,700,000 shares of common stock at $43.00 per share, raising net proceeds of approximately $68.2 million, which were used to pay down a portion of the revolving line of credit.
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Quartz Bot, Quartz, 9 Dec. 2024
The Aven Home Credit Card combines a credit card and a home equity line of credit, or HELOC.
—Bill Hardekopf, Forbes, 5 Dec. 2024
The company closed its latest $6.6 billion round in October and received a $4 billion revolving line of credit.
—Hayden Field, CNBC, 4 Dec. 2024
Earlier this month, Li-Cycle secured a $475 million line of credit from the Department of Energy.
—Vince Beiser, WIRED, 30 Nov. 2024
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Quartz Bot, Quartz, 9 Dec. 2024
The Aven Home Credit Card combines a credit card and a home equity line of credit, or HELOC.
—Bill Hardekopf, Forbes, 5 Dec. 2024
The company closed its latest $6.6 billion round in October and received a $4 billion revolving line of credit.
—Hayden Field, CNBC, 4 Dec. 2024
Earlier this month, Li-Cycle secured a $475 million line of credit from the Department of Energy.
—Vince Beiser, WIRED, 30 Nov. 2024
See all Example Sentences for line of credit
Dictionary Entries Near 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 20 Dec. 2024.
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