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

Savers Value Village also expanded its revolving line of credit by $55 million and can now pay down debt without a penalty thanks to the September transaction.

From The Wall Street Journal

Consumer credit expert John Ulzheimer said in July that liens can complicate a person’s ability to obtain a mortgage or a company’s chances of securing lines of credit.

From Los Angeles Times

They reached out to several potential architects and secured a line of credit for $300,000.

From Los Angeles Times

This applies not just to mortgages but to opening a new credit card or applying for a home-equity line of credit.

From MarketWatch

I have looked at home-equity investments, home-equity lines of credit, second mortgages, etc., all of which we don’t qualify for for one reason or another.

From MarketWatch

Related Words

• credit line