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Line of credit

noun

Definitions

Noun
  1. 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. 2
    the maximum credit that a customer is allowed wordnet
  3. 3
    The maximum borrowable amount made available by that facility.

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