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
Benefits of a business line of credit: • Flexible access to funds as needed.
—
Joseph Lustberg, Forbes, 23 Oct. 2024
However, Biermann’s line of credit is the one that will be impacted as his name is on the mortgage and deed while Zolciak’s name is only on the deed, per the filing.
—Natalia Senanayake, Peoplemag, 10 Sep. 2024
Read more How a home equity line of credit (HELOC) can unlock cash
Cash-out refinance vs. a HELOC: Which is better?
—Kelsey Neubauer, CNBC, 30 Sep. 2024
These cards are considered secured because the lender usually asks for a deposit and the line of credit is lower than for other credit cards.
—Adriana Morga, Los Angeles Times, 28 Sep. 2024
See all Example Sentences for line of credit 
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Joseph Lustberg, Forbes, 23 Oct. 2024
However, Biermann’s line of credit is the one that will be impacted as his name is on the mortgage and deed while Zolciak’s name is only on the deed, per the filing.
—Natalia Senanayake, Peoplemag, 10 Sep. 2024
Read more How a home equity line of credit (HELOC) can unlock cash
Cash-out refinance vs. a HELOC: Which is better?
—Kelsey Neubauer, CNBC, 30 Sep. 2024
These cards are considered secured because the lender usually asks for a deposit and the line of credit is lower than for other credit cards.
—Adriana Morga, Los Angeles Times, 28 Sep. 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 15 Nov. 2024.
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