line of credit Synonyms

No Synonyms and anytonyms found

line of credit Meaning

Wordnet

line of credit (n)

the maximum credit that a customer is allowed

line of credit Sentence Examples

1. The company extended a $1 million line of credit to its largest customer.
2. The bank approved a personal line of credit based on the applicant's excellent credit score.
3. The invoice was paid using the business's revolving line of credit.
4. The contractor requested a line of credit to cover materials and labor costs during the project.
5. The monthly payments on the line of credit were interest-only, with the principal due at maturity.
6. The borrower utilized a secured line of credit backed by real estate as collateral.
7. The line of credit provided the homeowner with access to cash in case of emergencies.
8. The company's cash flow was strengthened by the availability of an unsecured line of credit.
9. The line of credit was used to finance the purchase of inventory and equipment.
10. The student used a line of credit to cover tuition, housing, and other expenses during college.

FAQs About the word line of credit

What is the meaning of the word line of credit

the maximum credit that a customer is allowed

What are the synonyms of the word line of credit

No synonyms found.

What are the antonyms of the word line of credit

No antonyms found.

What is the usage of word line of credit

The company extended a $1 million line of credit to its largest customer.

The bank approved a personal line of credit based on the applicant's excellent credit score.

How to use the word line of credit in a sentence?

The invoice was paid using the business's revolving line of credit.

The contractor requested a line of credit to cover materials and labor costs during the project.