Line of credit
volume
British pronunciation/lˈaɪn ɒv kɹˈɛdɪt/
American pronunciation/lˈaɪn ʌv kɹˈɛdɪt/

Definition & Bedeutung von "line of credit"

Line of credit
01

Kreditlinie

the maximum amount of loan that a customer is allowed to receive
Wiki
example
Beispiel
examples
The company's line of credit with its suppliers allowed it to maintain inventory levels without tying up excessive capital.
The small business secured a line of credit from the bank to cover operating expenses during lean months.
The student obtained a line of credit from a financial institution to help cover tuition and living expenses while attending university.
Rather than taking out a traditional loan, the homeowner opted for a line of credit against the equity in their property to finance home renovations.
The small business owner chose to consolidate their business loans and lines of credit into a single loan.
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