credit line - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “credit line”

credit line

noun [C]
 
 
( also line of credit)
BANKING, FINANCE an amount of money a person or company is allowed to borrow during a particular period of time from one or more financial organizations: receive/secure a credit line The company announced it had received a four-year credit line, which will allow it to borrow up to $866m to avoid a possible bankruptcy. agree/set up/negotiate a credit linedraw down/tap/use a credit line The company was forced to draw down its entire $11.5 billion credit line from a consortium of banks. →  Compare revolving line of credit
(Definition of credit line from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of credit line?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “credit line”

Word of the Day

intellectualize

to think about or discuss a subject in a detailed and intellectual way, without involving your emotions or feelings

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

plyscraper noun

May 18, 2015
a skyscraper made mainly from wood The development of engineered timber could herald a new era of eco-friendly ‘plyscrapers’. Christchurch welcomed its first multistorey timber structure this year, there are plans for Vancouver, and the talk is China could follow

Read More