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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Critics see gleaming towers rising from desert sand and detect not ambition but emptiness — a city with an unlimited line of credit, but without a soul. Bobby Ghosh, Time, 29 Oct. 2025 But when the recession hit, wholesalers disappeared overnight and her bank called in a line of credit that would have drained the company. Dave Smith, Fortune, 27 Oct. 2025 Eligibility requirements for a business line of credit are similar to those for a term loan. Kat Boogaard, CNBC, 27 Oct. 2025 Wings will need to know details of the programs and get assurance that the government will repay the line of credit, according to the letter. Gina Lee Castro, jsonline.com, 17 Oct. 2025 See All Example Sentences for line of credit

Word History

First Known Use

1917, in the meaning defined above

Time Traveler
The first known use of line of credit was in 1917

Browse Nearby Words

Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 10 Nov. 2025.

Legal Definition

line of credit

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

More from Merriam-Webster on line of credit

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