credit line
noun[C]
ukus(alsoline of credit)BANKING,FINANCE
anamountofmoneyapersonorcompanyisallowedtoborrowduring aparticularperiodoftimefrom one or morefinancialorganizations:
receive/secure a credit lineThecompanyannouncedit hadreceiveda four-yearcreditline, which willallowit toborrowup to $866m toavoidapossiblebankruptcy.
agree/set up/negotiateacreditline
draw down/tap/use a credit lineThecompanywasforcedtodrawdownitsentire$11.5billioncreditlinefrom aconsortiumofbanks.
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revolving line of credit