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Meaning of “credit line” in the English Dictionary

"credit line" in Business English

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credit linenoun [C]

uk   us   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.
(Definition of credit line from the Cambridge Business English Dictionary © Cambridge University Press)
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