Definition of line of credit Line of credit
line of cred•it
We found 3 definitions of line of credit from 2 different sources.
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What does line of credit mean?
WordNet
Noun |
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| line of credit - the maximum credit that a customer is allowed | ||
| credit line, bank line, line, personal credit line, personal line of credit | ||
| credit used in the phrase `to your credit' in order to indicate an achievement deserving praise; "she already had several performances to her credit"; | ||
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Wiktionary 
- line of credit (Noun)
A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period. - line of credit (Noun)
The maximum borrowable amount specified in such an agreement.
