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
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