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.
That noted, the HELOC payments outlined above were calculated on the assumption that the full line of credit will be utilized and repaid immediately. Matt Richardson, CBS News, 12 May 2026 If a member school’s athletic department desperately needs a line of credit, the university can arrange a more favorable one. Fort Worth Star-Telegram, 7 May 2026 Either through the issuance of bonds or a line of credit, this bill strengthened the FAIR Plan’s financial stability. Anissa Rivera, Oc Register, 6 May 2026 Institutions have a year to decide whether to use the line of credit. Matt Murschel, The Orlando Sentinel, 1 May 2026 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

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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 16 May. 2026.

Legal Definition

line of credit

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

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