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

be as cold as ice

to be extremely cold

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More