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

Instead of getting a lump sum, a HELOC offers a revolving line of credit that can be used as needed during a borrowing period, usually five to 10 years. — Kevin Cerveny, Kansas City Star, 15 June 2026

The proceeds can typically be received as a lump sum, monthly payments, a line of credit or a combination of these options. — Angelica Leicht, CBS News, 12 June 2026

In 2024, according to court records, a Fort Lauderdale federal jury convicted Escoe of a single count of wire fraud after she was accused of submitting altered bank statements in a bid to obtain a business line of credit in 2020. — David Lyons, Sun Sentinel, 8 June 2026

In general, a home equity loan or line of credit is a cheaper, less risky way to tap into your home equity. — Kelsey Neubauer, CNBC, 29 May 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