line of credit

American  

noun

1. credit line.

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line of credit British  

noun

1. another name for credit line

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Etymology

Origin of line of credit

First recorded in 1955–60

Example Sentences

WSJ | Buy Side: Business line of credit lenders offer an ongoing source of funding without the need to reapply for funds, but costs can be high.

From The Wall Street Journal

The largest funds are of a size where a line of credit isn’t enough to cover redemptions completely, especially for successive quarters.

From The Wall Street Journal

Because this lending is often structured as a line of credit, funds that come under pressure from their own investors could look to draw down more funding.

From The Wall Street Journal

Before any remaining funds can be paid to your friend, all liens — second mortgages, home-equity lines of credit and any other judgments — must be satisfied from whatever is left over.

From MarketWatch

Another business in the area said it had to open a new line of credit to manage rising costs.

From The Wall Street Journal

Related Words

• credit line