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.
For a line of credit, also understand how the lender handles renewals, draw fees and unused availability. — Joseph Lustberg, Forbes.com, 2 Sep. 2026 The lender provides a line of credit that the borrower can draw from up to a maximum over a set period — usually 10 years. — Kelsey Neubauer, CNBC, 2 Sep. 2026 Each Big 12 school will have access to a line of credit up to $30 million each, paid back with interest of course. — ABC News, 20 Aug. 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 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 3 Sep. 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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