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Rareline of credit
The correct spelling is line of credit.
How to pronounce line of credit
noun
Say it like: Lin-e o-f c-red-it
The correct spelling is line of credit. A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow…
Usage Examples
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Definition
noun
- 1.A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.
- 2.The maximum borrowable amount specified in such an agreement.
Similar words
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