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WordNet-Online
Definitions from WordNet
Noun line of credit has 1 sense
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Definitions from the WebLine of CreditDescription:A line of credit is a financial arrangement between a borrower and a lender where the borrower can access funds up to a certain limit. It allows the borrower to withdraw money as needed, make payments, and access the remaining available credit balance. Sample sentences:1. The bank approved her application for a line of credit, giving her access to funds for her business. 2. He used his line of credit to purchase inventory for his online store. 3. The customer was grateful for the line of credit as it helped him during a financial emergency. Parts of Speech:1. Noun: She applied for a line of credit at the bank. 2. Verb: He wanted to line of credit his new business venture. Senses and Usages:1. A financial arrangement allowing a borrower to access funds up to a specified limit. 2. It can be used for personal or business purposes. 3. It provides flexibility and convenience for managing expenses and cash flow. Related products:Explore line of credit books, financial management tools, or banking services on Amazon. | ||||
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