line of credit

noun phrase

: the maximum credit allowed a buyer or borrower
also : an agreement providing credit up to a certain amount

Word History

First Known Use

1917, in the meaning defined above

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

Dictionary Entries Near line of credit

Cite this Entry

“Line of credit.” Dictionary, Merriam-Webster, Accessed 27 Jan. 2023.

Legal Definition

line of credit

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

More from Merriam-Webster on line of credit

Love words? Need even more definitions?

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

Challenging Words You Should Know

  • hedgehog reading a book
  • Often used to describe “the march of time,” what does inexorable mean?
True or False

Test your knowledge - and maybe learn something along the way.

Solve today's spelling word game by finding as many words as you can with using just 7 letters. Longer words score more points.

Can you make 12 words with 7 letters?