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

This part of the invoice financing process functions similarly to a revolving line of credit. — Andrew Coon, Forbes.com, 20 Oct. 2026

For veterinary practice owners who want flexible access to working capital for ongoing expenses, unexpected costs or growth opportunities, Bluevine offers a revolving business line of credit of up to $250,000. — Jasmin Suknanan, CNBC, 19 Oct. 2026

Court papers filed in that lawsuit show that the loan was set up as a revolving line of credit that allowed Boston Finance Group to borrow chunks of money from CSNT over time. — Cristian Benavides, CBS News, 15 Oct. 2026

Her eloquent, heartfelt pitch found an investor in Greiner, who offered a $1 million line of credit at 8 percent interest in exchange for 5 percent ownership. — Declan Gallagher, Entertainment Weekly, 13 Oct. 2026

Word History

First Known Use

1917, in the meaning defined above

Rhymes for line of credit

• accredit
• discredit
• noncredit
• dedit
• edit
• microcredit

Legal Definition

line of credit

: an agreement specifying the maximum amount of credit allowed a borrower