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

Definiția și Sensul lui "line of credit"

Line of credit
01

linie de credit, limita de credit

the maximum amount of loan that a customer is allowed to receive
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Example
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The small business secured a line of credit from the bank to cover operating expenses during lean months.
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 company 's line of credit with its suppliers allowed it to maintain inventory levels without tying up excessive capital.
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