line of credit

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line of credit

n. pl. lines of credit

line of credit

n
(Banking & Finance) US and Canadian another name for credit line

cred′it line`


n.
1. a line of text acknowledging the source or origin of published or exhibited material.
2. the maximum amount of credit that a customer is authorized to use.
[1910–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.line of credit - the maximum credit that a customer is allowed
consumer credit - a line of credit extended for personal or household use
credit - money available for a client to borrow
References in periodicals archive ?
The new facility is a demand line of credit at the London Interbank Offered Rate (LIBOR) plus 1.
The new facility is for a $6 million secured Demand Line of Credit with more favorable terms; it replaces the Company's previous $3.
Related to the closing of the acquisition of the assets of Lamina, LSG also announced today that it has entered into an agreement with Bank of Montreal ("BMO") to obtain a $20 million demand line of credit.