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

Keep scrolling for more

Learn More about line of credit

Time Traveler for line of credit

Time Traveler

The first known use of line of credit was in 1917

See more words from the same year

Statistics for line of credit

Cite this Entry

“Line of credit.” Dictionary, Merriam-Webster, Accessed 21 Oct. 2020.

Keep scrolling for more

More Definitions for line of credit

line of credit


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 Encyclopedia article about line of credit

Comments on line of credit

What made you want to look up line of credit? Please tell us where you read or heard it (including the quote, if possible).


Test Your Vocabulary

Farm Idioms Quiz

  • cow coming home
  • What does 'poke' refer to in the expression 'pig in a poke'?
Spell It

Can you spell these 10 commonly misspelled words?


Test Your Knowledge - and learn some interesting things along the way.

Love words? Need even more definitions?

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