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line of credit

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
line of credit
n. pl. lines of credit

line of credit
n
(Economics, Accounting & Finance / Banking & Finance) US and Canadian another name for credit line
ThesaurusLegend:  Synonyms Related Words Antonyms
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


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? Mentioned in ? References in periodicals archive
 
6 million first mortgage and a $300,000 line of credit for a 300-unit co-op located at 181 Long Hill Road in Little Falls, NJ; a $3.
5,000-$15,000 of Chicago deposit; line of credit same as deposit.
NASDAQ:SNTS), a specialty pharmaceutical company focused on therapies for gastrointestinal diseases and disorders, today announced that it has obtained from Comerica Bank a three-year $20 million revolving line of credit for working capital needs and general corporate purposes.
 
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