This is a limited preview — please sign in or subscribe to learn everything we know about the term “line of credit”.

line of credit


Definitions of line of credit

  • an agreement, usually between a bank and a borrower, to provide a certain maximum amount in loans upon demand from the borrower

    "The company is seeking a line of credit between $500 million and $1 billion leading up to the company's initial public offering."

Phrase Bank for line of credit