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.
draw 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)