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
Build Out Short And Long-Term Forecasts Build a short-term and long-term forecast to determine banking needs such as line of credit, equipment financing or long-term debt.
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Expert Panel®, Forbes, 19 Dec. 2024
The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.
—Hayden Field, CNBC, 18 Dec. 2024
The filing also details various financial agreements, including a revolving line of credit with BOKF, NA dba Bank of Albuquerque.
AMREP continues to focus on its land development and homebuilding segments, with no foreign sales or activities outside the United States.
—Quartz Bot, Quartz, 13 Dec. 2024
The company completed an underwritten public offering of 1,700,000 shares of common stock at $43.00 per share, raising net proceeds of approximately $68.2 million, which were used to pay down a portion of the revolving line of credit.
—Quartz Bot, Quartz, 9 Dec. 2024
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Expert Panel®, Forbes, 19 Dec. 2024
The company also received a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion.
—Hayden Field, CNBC, 18 Dec. 2024
The filing also details various financial agreements, including a revolving line of credit with BOKF, NA dba Bank of Albuquerque.
AMREP continues to focus on its land development and homebuilding segments, with no foreign sales or activities outside the United States.
—Quartz Bot, Quartz, 13 Dec. 2024
The company completed an underwritten public offering of 1,700,000 shares of common stock at $43.00 per share, raising net proceeds of approximately $68.2 million, which were used to pay down a portion of the revolving line of credit.
—Quartz Bot, Quartz, 9 Dec. 2024
See all Example Sentences for line of credit
Dictionary Entries Near line of credit
Cite this Entry
“Line of credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/line%20of%20credit. Accessed 31 Dec. 2024.
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