On-the-line meaning

On a level with the eye of the observer, as of a picture hung in on a wall.
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(idiomatic) At risk, as in a contest or enterprise.

The survival of the company is on the line with this project.

"I have a stalker, my life is on the line!" - Gabrielle, from Desperate Housewives Season 3 episode 13

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Currently calling on the telephone.

I have John on the line for you.

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(sports) On one of the lines marked on a playing field or court and, hence, in bounds.

The ball was on the line but the umpire ruled it out.

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