WordValeexpression
credit line
a maximum amount a lender agrees to make available
In more detail
1. (noun) an agreement with a bank or other lender to borrow money up to a certain amount when you need it
2. (noun) the amount of money that a bank agrees to lend you
Examples
- 1. The company opened a credit line to cover unexpected expenses.
- 2. My bank increased my credit line from $5,000 to $10,000.
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