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.
Institutions have a year to decide whether to use the line of credit. — Matt Murschel, The Orlando Sentinel, 1 May 2026 The bettors were given a line of credit and didn’t have to put up their own money to place bets, according to the indictment. — Chicago Tribune, 4 June 2026 In general, a home equity loan or line of credit is a cheaper, less risky way to tap into your home equity. — Kelsey Neubauer, CNBC, 29 May 2026 Ask your accountant when to use the fund, when to cut back on owner distributions (profit taking), and when a line of credit or loan is preferable. — Rob Falzon, Forbes.com, 25 June 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 9 Jul. 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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