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

This week could offer you an opportunity to increase your nest egg or see a large chunk of cash arrive, whether in the form of a settlement, bonus, inheritance, line of credit or other boon. —Kyle Thomas, People.com, 22 June 2025

The deal includes both a capital injection and line of credit designed to fuel the prodco’s expansion. —Naman Ramachandran, Variety, 2 June 2025

Using specialty financing in the interim, as a bridge, while pursuing alternate solutions such as a bank loan or line of credit, will allow business owners to accomplish strategic initiatives in the short term while implementing solutions for the future. —Albert Gahfi, Forbes.com, 13 May 2025

Lump sum, monthly payment or a line of credit (or a combination of those options) Repayment period 20 years of monthly principal and interest payments. —Kelsey Neubauer, CNBC, 31 May 2025

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