line of credit
Noun
Meaning
the maximum credit that a customer is allowed
Source: WordNetSynonyms
Hypernyms
Hyponyms
Examples
People who don't vote have no line of credit with people who are elected and thus pose no threat to those who act against our interests.
During the fourth quarter of 2019, MEDNAX used $209.8 million to repay borrowings on its revolving line of credit and as of December 31, 2019, the Company had no borrowings under its revolving credit facility.
A line of credit will not apply to current orders.
A home equity line of credit makes a specific amount of money available to you for a set period or term, which typically lasts for 10 – 20 years.
A credit (or “security”) freeze restricts access to your credit file so thieves can’t open a new line of credit in your name.
Similarly, you may be able to take advantage of a renovation refinance even if you haven’t owned your home long, since these loans require less equity than a cash-out refinance, home equity line of credit or home equity loan.