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.
Yorkville said the total expected funding for the company’s treasury will be $1 billion worth of CRO, or about 19% of the token’s market cap, plus $420 million in cash and equivalents and as a $5 billion line of credit. Alan Suderman, Fortune, 26 Aug. 2025 But even the most flexible line of credit doesn’t solve the disconnect between sales and cash. Ashish Srimal, Forbes.com, 21 Aug. 2025 How to calculate your HELOC payments The monthly payment on a home equity line of credit is determined by the loan amount and the interest rate. Kelsey Neubauer, CNBC, 19 Aug. 2025 Without that line of credit, Canada Post would have been unable to meet payroll. Glenn Taylor, Sourcing Journal, 5 Aug. 2025 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

Browse Nearby Words

Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 8 Sep. 2025.

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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