English Dictionary

line of credit

noun

(finance, banking) A credit facility 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.

I applied for a line of credit at the bank.

意味（1）

(finance, banking) A credit facility 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.

意味（2）

(finance, banking) The maximum borrowable amount made available by that facility.