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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)
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