Definition, Meaning & Synonyms
credit-line
Noun
/ˈkrɛdɪt laɪn/
Definition
A credit line is an arrangement between a financial institution and a customer that allows the customer to borrow money up to a specified limit.
Examples
- She used her credit line to cover unexpected expenses.
- The bank approved a new credit line for the small business owner.
Meaning
A credit line provides flexibility for individuals or businesses to access funds as needed without having to reapply for a loan each time.
Synonyms
- credit facility
- line of credit
- revolving credit
