line of credit
Date: 1917 the maximum credit allowed a buyer or borrower; also an agreement providing credit up to a certain amount

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • line of credit — line of credit: an agreement specifying the maximum amount of credit allowed a borrower Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. line of credit …   Law dictionary

  • line of credit — n. 1. a declaration by a bank that it will extend credit to a borrower up to a specified maximum amount 2. the maximum amount so specified * * * …   Universalium

  • line of credit — n. 1. a declaration by a bank that it will extend credit to a borrower up to a specified maximum amount 2. the maximum amount so specified …   English World dictionary

  • Line of credit — Finance Financial markets Bond market …   Wikipedia

  • line of credit — noun the maximum credit that a customer is allowed • Syn: ↑credit line, ↑bank line, ↑line, ↑personal credit line, ↑personal line of credit • Hypernyms: ↑credit • Hyponyms: ↑ …   Useful english dictionary

  • line of credit — A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used. (1) A type of loan that permits a …   Financial and business terms

  • Line of credit — An informal arrangement between a bank and a customer establishing a maximum loan balance that the bank will permit the borrower to maintain. The New York Times Financial Glossary * * * line of credit ˌline of ˈcredit noun lines of credit… …   Financial and business terms

  • line of credit — /ˌlaɪn əv kredɪt/ noun 1. the amount of money made available to a customer by a bank as an overdraft ♦ to open a line of credit or a credit line to make credit available to someone 2. the borrowing limit on a credit card …   Dictionary of banking and finance

  • line of credit — line′ of cred′it n. bus credit line 2) • Etymology: 1955–60 …   From formal English to slang

  • line of credit — an amount of credit extended to a borrower. → line …   English new terms dictionary

  • line of credit — A margin of credit maintained by a customer with a firm through keeping the amount of his account within a certain amount by payments on account from time to time. Schneider Davis Co. v Hart, 23 Tex Civ App 529, 57 SW 903 …   Ballentine's law dictionary

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