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

If overspending on non-essentials with credit cards is what got you into debt in the first place, getting access to a new line of credit might not be the best idea. — Ryley Amond, CNBC, 8 Sep. 2026

Funding agreement City staff told the committee that the agreement would require team officials to obtain a line of credit equal to 110% of one year’s worth of debt service as insurance to cover the costs. — Dylan Lysen, Kansas City Star, 8 Sep. 2026

Whether someone ultimately chooses a bank loan, a line of credit or another financing solution isn’t really the point. — Michael Shribman, Forbes.com, 8 Sep. 2026

Each Big 12 school will have access to a line of credit up to $30 million each, paid back with interest of course. — ABC News, 20 Aug. 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