line of credit
noun[C]
BANKINGukusplurallines of credit→credit line
Examplesofline of credit
line of credit
Investigate carefully before granting alineofcredit; once granted, there being no adverse change in your client's financial condition, fulfill your promise.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He later learns that his bank has closed hislineofcreditand he is broke.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Among other things, he insisted that all potential owners establish a $650,000lineofcreditwith the league.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Also known as an unsecuredlineofcredit.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Itslineofcreditwas yanked, and it was unable to meet daily expenses.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The arrangement provides the merchant with alineofcredit.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It lost access to itslineofcredit.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Often, used car dealerships purchase inventory with a floorlineofcredit.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Specifically, it is the reversal of a prior outbound transfer of funds from a consumer's bank account,lineofcredit, or credit card.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Under this system, a planter or merchant extended alineofcreditto the sharecropper while taking the years crop as collateral.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.