line of credit

noun phrase

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

Word History

First Known Use

1917, in the meaning defined above

Time Traveler
The first known use of line of credit was in 1917

Dictionary Entries Near line of credit

Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 27 Jan. 2023.

Legal Definition

line of credit

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

More from Merriam-Webster on line of credit

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