Line of credit
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 A credit facility 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 credit that a customer is allowed wordnet
- 3 The maximum borrowable amount made available by that facility.