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.
Court papers filed in that lawsuit show that the loan was set up as a revolving line of credit that allowed Boston Finance Group to borrow chunks of money from CSNT over time. — Cristian Benavides, CBS News, 15 Oct. 2026 Lenders use this score when deciding how much of a line of credit to provide your business with. — Jasmin Suknanan, CNBC, 24 Sep. 2026 Funding agreement City staff told the committee that the agreement would require team officials to obtain a line of credit equal to 110% of one year’s worth of debt service as insurance to cover the costs. — Dylan Lysen, Kansas City Star, 8 Sep. 2026 Whether someone ultimately chooses a bank loan, a line of credit or another financing solution isn’t really the point. — Michael Shribman, Forbes.com, 8 Sep. 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 20 Oct. 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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