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

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

The Southern California-based fraudsters can then max out lines of credit while unknowing victims live halfway across the world, he says.

From Los Angeles Times

His business has had to take out an extra line of credit, raise prices and find ways to survive with lower profits.

From BBC

Many regional lenders’ businesses also tilt less toward loans like credit cards or lines of credit to big companies, which have floating interest rates that rise as rates do.

From The Wall Street Journal

The interest payments on a cash-out refinancing are deductible if the money is used for home improvements, which is also the case for interest on a home-equity line of credit.

From The Wall Street Journal

Related Words

• credit line