line of credit

noun phrase

Definition of line of credit

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

First Known Use of line of credit

1917, in the meaning defined above

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Time Traveler for line of credit

Time Traveler

The first known use of line of credit was in 1917

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Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 21 Oct. 2020.

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More Definitions for line of credit

line of credit

noun

English Language Learners Definition of line of credit

: an amount of money that a person is allowed to borrow

line of credit

Legal Definition of line of credit

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

More from Merriam-Webster on line of credit

Britannica.com: Encyclopedia article about line of credit

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