line of credit (0 synonym found)

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lines of credit

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Definition of line of credit:

°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.
°The maximum borrowable amount specified in such an agreement.
Definition of line of credit:

°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.
°The maximum borrowable amount specified in such an agreement.
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