line of credit

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line of credit

n. pl. lines of credit

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

line of credit

(Banking & Finance) US and Canadian another name for credit line

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

cred′it line`

1. a line of text acknowledging the source or origin of published or exhibited material.

2. the maximum amount of credit that a customer is authorized to use.

[1910–15]

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Noun

line of credit - the maximum credit that a customer is allowed

bank line, credit line, personal credit line, personal line of credit, line

consumer credit - a line of credit extended for personal or household use

credit - money available for a client to borrow

References in classic literature ?

Vincy himself had expensive Middlemarch habits--spent money on coursing, on his cellar, and on dinner-giving, while mamma had those running accounts with tradespeople, which give a cheerful sense of getting everything one wants without any question of payment.

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Entered both gentlemen in my Ledger, and opened a running account with each.

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But I apprehend that we were personally fortunate in engaging a servant with a taste for cordials, who swelled our running account for porter at the public-house by such inexplicable items as 'quartern rum shrub (Mrs.

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The former Bridge of Don Academy pupil climbed her way up the company ladder at an Aberdeen subsidiary, NSW Technology, to the stage where she was running accounts and working closely with the managing director.

Supplier sees an untapped market for product; ENTERPRISE

The push began in mid-May when the interior ministry said it was taking legal steps against people running accounts from "Iran, Qatar, Iraq and some European countries such as France, Germany and Australia".