line of credit
noun phrase
: the maximum credit allowed a buyer or borrower
also
: an agreement providing credit up to a certain amount
Examples of line of credit in a Sentence
Recent Examples on the Web
The store’s rent was raised to $11,000, and the bank closed their line of credit, which was common in the midst of the economic crisis of 2008.
—
Sarah Moreno, Miami Herald, 22 Apr. 2024
The University of Arkansas System board of trustees approved a tuition increase and a line of credit for the University of Arkansas Grantham during a special meeting Friday.
—Ryan Anderson, arkansasonline.com, 16 Dec. 2023
Home equity line of credit: The average HELOC rate had climbed to 8.98% as of March 15, up from just 3.96% two years ago.
—Susan Tompor, Detroit Free Press, 20 Mar. 2024
Deal: $150,000 in cash and $150,000 as a line of credit for 10% equity with Barbara Corcoran.
—Coleby Phillips, The Arizona Republic, 10 Feb. 2024
Santos allegedly falsified Ethos’ balance sheets and real financial account statements to obtain a $14.8 million line of credit from a bank.
—Natallie Rocha, San Diego Union-Tribune, 22 Nov. 2023
Harvard currently holds short-term investments of $1.4 billion, as well as a $1.5 billion line of credit.
—Janet Lorin, Fortune, 21 Dec. 2023
No reason was given and his line of credit also was shut down.
—Laurence Darmiento, Los Angeles Times, 27 Nov. 2023
Alameda had a $65 billion line of credit to use as collateral when placing bets — a figure that is orders of magnitude larger than the credit that FTX would give to other large investors.
—Allison Morrow, CNN, 5 Oct. 2023
Sarah Moreno, Miami Herald, 22 Apr. 2024
The University of Arkansas System board of trustees approved a tuition increase and a line of credit for the University of Arkansas Grantham during a special meeting Friday.
—Ryan Anderson, arkansasonline.com, 16 Dec. 2023
Home equity line of credit: The average HELOC rate had climbed to 8.98% as of March 15, up from just 3.96% two years ago.
—Susan Tompor, Detroit Free Press, 20 Mar. 2024
Deal: $150,000 in cash and $150,000 as a line of credit for 10% equity with Barbara Corcoran.
—Coleby Phillips, The Arizona Republic, 10 Feb. 2024
Santos allegedly falsified Ethos’ balance sheets and real financial account statements to obtain a $14.8 million line of credit from a bank.
—Natallie Rocha, San Diego Union-Tribune, 22 Nov. 2023
Harvard currently holds short-term investments of $1.4 billion, as well as a $1.5 billion line of credit.
—Janet Lorin, Fortune, 21 Dec. 2023
No reason was given and his line of credit also was shut down.
—Laurence Darmiento, Los Angeles Times, 27 Nov. 2023
Alameda had a $65 billion line of credit to use as collateral when placing bets — a figure that is orders of magnitude larger than the credit that FTX would give to other large investors.
—Allison Morrow, CNN, 5 Oct. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'line of credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 2 May. 2024.
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