line of credit

noun phrase

: the maximum credit allowed a buyer or borrower
also : an agreement providing credit up to a certain amount

Examples of line of credit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
SpotMe® on Credit is an optional, no interest/no fee overdraft line of credit tied to the Secured Deposit Account. — Liz Knueven, CNBC, 27 July 2026 Buyers who need money for a down payment before their current home sells can use a portfolio line of credit to avoid selling investments to buy the new house. — Kristin McKenna, Forbes.com, 23 July 2026 She was forced to take out a second line of credit — a home-equity loan, or second mortgage — which cost another $700 per month. — Santul Nerkar, New York Times, 20 July 2026 Instead of getting a lump sum, a HELOC offers a revolving line of credit that can be used as needed during a borrowing period, usually five to 10 years. — Kevin Cerveny, Kansas City Star, 15 June 2026 See All Example Sentences for line of credit

Word History

First Known Use

1917, in the meaning defined above

Time Traveler
The first known use of line of credit was in 1917

Rhymes for line of credit

See All Rhymes for line of credit

Browse Nearby Words

line of communication
line of credit
line of defense
See all Nearby Words

Cite this Entry

“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 1 Aug. 2026.

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Legal Definition

line of credit

: an agreement specifying the maximum amount of credit allowed a borrower

More from Merriam-Webster on line of credit

Britannica.com: Encyclopedia article about line of credit

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