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credit line

credit line

6 3.7
The largest amount a bank allows you to borrow when needed
  • noun
  • /ˈkrɛdɪt laɪn/
translation icon : línea de crédito
  • The bank approved a credit line of $50,000 for her small business to cover unexpected expenses.

I got all of my friends credit lines to gamble there.

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Examples

  • I had a credit line at the bank I had to pay.

  • Do I get a credit line?

  • Did you get the credit line? - Not yet.

  • My bank has declined a recent business credit line increase.

    Blog text (10)
  • The company can only keep operating thanks to a $4.5 billion bank credit line it secured, but that will run out in June 2013.

    Blog text (7)
  • I maxed out our credit line.

  • Pure speculation on my part, but I suspect it was done on the possibility that their credit line would be reduced.

    Blog text (9)
  • A credit line will also be offered for low-income buyers.

    Academic text (2001)
  • Consider closing or capping credit lines until business ownership issues are settled.

    Blog text (23)
  • Shortly after the summit, Japan opened a $100 million credit line for investments in an offshore oil field off the island of Sakhalin.

    Academic text (2001)

Synonyms

line of credit
vscredit line
  • Specialized
24 3.1

A plan from a bank that lets you borrow up to a set amount

has identical meaning but uses a different word order

How Large

credit line
6 3.7

Surface Forms

credit line singular
credit lines plural

Morphology

credit + line

The meaning of 'credit line' is directly built from 'credit' (to attribute authorship or responsibility) + 'line' (a line of text), so a learner who knows those senses can infer it denotes the line that gives credit to the writer/creator. Although 'byline' is a related, more common term for author attribution, the composition here is transparent and predictable.

Etymology

Credit line: One popular story says this phrase comes from old shop ledgers where a clerk drew a line to show how much credit a customer could use. That's why today credit line means the maximum amount of money a bank or lender will let you borrow.