line of credit

Definition of "line of credit"
  1. A financial agreement that sets a maximum borrowing limit
How to use "line of credit" in a sentence
  1. The small business owner obtained a line of credit to fund her company's growth.
  2. With a line of credit in place, they were able to finance urgent repairs without delay.
  3. The bank decided to raise the company's line of credit after reviewing their improved financial status.
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