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.
Scott Olson | Getty Images Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. Laya Neelakandan, CNBC, 16 Dec. 2025 The partnership would offer the 16 member universities a line of credit of roughly $30 million each and is close to being finalized, the person added, asking not to be named discussing private information. Giles Turner, Fortune, 13 Dec. 2025 Finally, remember that these are payments calculated on the assumption that the full line of credit will be utilized – and repaid – immediately. Matt Richardson, CBS News, 11 Dec. 2025 Evers said in a court filing Saturday that without the reimbursement approval from U.S. Treasury, known as a line of credit, the state will be no longer be able to send funds to retailers for the purchases made by FoodShare recipients by Monday. Molly Beck, jsonline.com, 9 Nov. 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 21 Dec. 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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