line of credit
noun
Forms lines of credit
- noun (finance, banking) A credit facility 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.
- noun (finance, banking) The maximum borrowable amount made available by that facility.
Synonyms
credit line bank line line personal credit line personal line of credit
Sources: Wiktionary · WordNet 3.0 — from the Wiktionary entry “line of credit”, CC BY-SA 4.0. Details