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line of credit
line
ˈlaɪn
lain
of
ʌv
av
cre
krɛ
kre
dit
dɪt
dit
/lˈaɪn ɒv kɹˈɛdɪt/

Definition & Meaning of "line of credit"in English

Line of credit
01

the maximum amount of loan that a customer is allowed to receive

Examples
The small business secured a line of credit from the bank to cover operating expenses during lean months.
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