line of credit (Meaning)
Wordnet
line of credit (n)
the maximum credit that a customer is allowed
Synonyms & Antonyms of line of credit
No Synonyms and anytonyms found
line of credit Sentence Examples
- 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.
- 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.
- The monthly payments on the line of credit were interest-only, with the principal due at maturity.
- The borrower utilized a secured line of credit backed by real estate as collateral.
- The line of credit provided the homeowner with access to cash in case of emergencies.
- The company's cash flow was strengthened by the availability of an unsecured line of credit.
- The line of credit was used to finance the purchase of inventory and equipment.
- The student used a line of credit to cover tuition, housing, and other expenses during college.
FAQs About the word line of credit
the maximum credit that a customer is allowed
No synonyms found.
No antonyms found.
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.
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.
