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
Preferred Rewards Program Bank of America customers who meet balance requirements can get up to $600 off their origination fee or qualify for a rate reduction on a home loan or home equity line of credit.
—
Kelsey Neubauer, CNBC, 30 Jan. 2025
As of January 22, per Bankrate, the average rate on a home equity loan was 8.45% and the average rate on a home equity line of credit was 8.28%.
—Jeanne Sahadi, CNN, 29 Jan. 2025
Overdraft Line Of Credit An overdraft line of credit is a loan attached to a business checking account.
—Levi King, Forbes, 21 Jan. 2025
Until this move, unpaid medical bills could appear on your credit report, potentially getting in the way of your ability to get approved for a mortgage or other line of credit, as well as impacting your credit score.
—Kamaron McNair, CNBC, 13 Jan. 2025
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Kelsey Neubauer, CNBC, 30 Jan. 2025
As of January 22, per Bankrate, the average rate on a home equity loan was 8.45% and the average rate on a home equity line of credit was 8.28%.
—Jeanne Sahadi, CNN, 29 Jan. 2025
Overdraft Line Of Credit An overdraft line of credit is a loan attached to a business checking account.
—Levi King, Forbes, 21 Jan. 2025
Until this move, unpaid medical bills could appear on your credit report, potentially getting in the way of your ability to get approved for a mortgage or other line of credit, as well as impacting your credit score.
—Kamaron McNair, CNBC, 13 Jan. 2025
See all Example Sentences for line of credit
Dictionary Entries Near line of credit
Cite this Entry
“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 9 Feb. 2025.
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