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line of credit
Pronunciation
/lˈaɪn ʌv 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

Grammatical Information
Animacy status
Abstract
Composition
complex compound
Countable
Plural form
lines of credit
Examples
The small business secured a line of credit from the bank to cover operating expenses during lean months.
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