Line-of-credit definitions

A declaration by a bank that it will extend credit to a borrower up to a specified maximum amount.
noun
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The maximum amount so specified.
noun
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(finance, banking) A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.
noun
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(finance, banking) The maximum borrowable amount specified in such an agreement.
noun
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