line of credit
Definition from Wiktionary, the free dictionary
- (finance, banking) A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.
- (finance, banking) The maximum borrowable amount specified in such an agreement.
maximum borrowable amount specified in such an agreement
- The translations below need to be checked and inserted above into the appropriate translation tables, removing any numbers. Numbers do not necessarily match those in definitions. See instructions at Help:How to check translations.