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.
Thandi again applied for an unauthorized $14.75 million line of credit under Global Hawk’s name in 2017. Caelyn Pender, Mercury News, 20 July 2025 Mark Kellogg and his wife, Keisha, were looking at taking out a hefty home equity line of credit to pay for thousands of dollars in repairs at their Park Forest home. Mike Nolan, Chicago Tribune, 24 June 2025 This week could offer you an opportunity to increase your nest egg or see a large chunk of cash arrive, whether in the form of a settlement, bonus, inheritance, line of credit or other boon. Kyle Thomas, People.com, 22 June 2025 The deal includes both a capital injection and line of credit designed to fuel the prodco’s expansion. Naman Ramachandran, Variety, 2 June 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 25 Jul. 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

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!