credit line


Definition of credit line

2 : a line, note, or name that acknowledges the source of an item (such as a news dispatch or television program)

Examples of credit line in a Sentence

Recent Examples on the Web The company raised borrowing on its revolving credit line to $16 billion to get through the crisis, pushing automotive debt to over $32 billion. Tom Krisher,, "Plant closings send GM to second quarter loss, but signs of improvement," 29 July 2020 In April, the energy company’s lenders cut its available credit line from $1.3 billion to $625 million with a further reduction to $600 million scheduled next month. David J. Lynch, Washington Post, "Here’s one more economic problem the government’s response to the virus has unleashed: zombie firms," 23 June 2020 This means paying bills on time every month, paying them in-full every month, and not using too much of the credit line that’s been extended (ideally, less than 30% every month). Nathan Bachrach And Amy Wagner, The Enquirer, "Allworth Advice: Should you and your spouse retire at the same time?," 6 July 2020 In papers filed with the English courts, McLaren said a credit line that is the equivalent of almost $160 million has been fully utilized and the company would face a potentially catastrophic liquidity shortfall if the decision went against it. Mike Duff, Car and Driver, "McLaren Saved by Cash Injection from Bahrain, Will Restart Production Soon," 29 June 2020 The department store chain on Monday announced a credit line of $3.15 billion backed by its inventory, which brought its total new financing to $4.5 billion. Jordyn Holman, Fortune, "Macy’s share price jumps to pre-pandemic levels after 450 stores reopen," 9 June 2020 By this logic, the 609 people who work for Oasis Petroleum and the hundreds of millions of dollars available on its credit line might be put to more productive use elsewhere in the economy. David J. Lynch, Washington Post, "Here’s one more economic problem the government’s response to the virus has unleashed: zombie firms," 23 June 2020 The drawdown was virtually all that was left of the credit line, Simon noted. Alexandria Burris, The Indianapolis Star, "Simon, Taubman ready for legal fight over ditched $3.6B dollar merger deal," 17 June 2020 Stock Yards was not told about the judgment, but the credit line was extended. Ian Mckenzie,, "Fort Mitchell man sentenced to 18 months for 2015 bank fraud," 12 June 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'credit line.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of credit line

1888, in the meaning defined at sense 2

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Time Traveler for credit line

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The first known use of credit line was in 1888

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Last Updated

2 Aug 2020

Cite this Entry

“Credit line.” Dictionary, Merriam-Webster, Accessed 8 Aug. 2020.

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