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

Acquiring banks extend to merchants what is essentially a short-term line of credit on every sale, floating the funds before the cardholder’s payment fully clears. — Dimitri Akhrin, Forbes.com, 6 Nov. 2026

Secured cards require a security deposit — typically a few hundred dollars — to open, which acts as your line of credit. — Ryley Amond, CNBC, 6 Nov. 2026

That’s largely the appeal of Sure Sport’s lockout line of credit. — Justin Birnbaum, Sportico.com, 2 Nov. 2026

The payment on his personal line of credit was allegedly due in June 2025, and the debt on his personal overdraft line was due in April 2025. — Shelby Stivale, Entertainment Weekly, 30 Oct. 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