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personal line of credit

   Also found in: Acronyms, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.personal 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


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Small businesses, which do not have a business history or record of accomplishment, even prefer the flexibility and higher credit limits that secured personal line of credit offers.
To cover my personal expenses and overhead, I used funds from a personal line of credit.
Financial Snapshot: Kimberly Burney Waldorf, MD HOUSEHOLD INCOME Gross Income $95,397 ASSETS Home $330,000 401(k) account 19,000 BMW 325i* 40,000 Savings account 4,500 Checking account 300 Savings bonds 1,200 Total $395,000 LIABILITIES Mortgage $230,000 Personal line of credit 20,000 Credit cards 600 Total $250,600 NET WORTH $144,400 * ACCORDING TO KELLEY BLUE BOOK
 
 
 
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