personal credit line
- noun
- /ˈpɜrsənl ˈkrɛdɪt laɪn/
:
línea de crédito personal
- With a personal credit line, you can borrow funds whenever you need them up to a certain limit.
Examples
-
Having a personal credit line gives you the flexibility to cover unexpected costs without applying for a loan.
-
She applied for a personal credit line to help manage her monthly expenses.
-
He talked about the cloud, his bitter rivals like SAP (NYSE: SAP), and his personal credit line of $4.5 billion.
Blog text (7)
Synonyms
24
3.1
A plan from a bank that lets you borrow up to a set amount
6
3.7
The largest amount a bank allows you to borrow when needed
4
3.3
Money people borrow to buy things for their home or family not for business
An agreement with a bank that lets a person borrow money up to a set limit when needed
The most money a bank lets a customer borrow for loans or overdrafts
A way to buy now at a shop and pay later up to a set limit you can repay anytime
How Big
- Specialized
- Specialized
7
2.6
11
4.7
Surface Forms
Morphology
The phrase is compositional: 'credit' denotes a borrowing facility, 'line' functions as a channel or limit (as in 'line of credit'), and 'personal' restricts it to an individual. Because the components combine in a straightforward, commonly attested way (many languages have an equivalent 'line of credit' construction), a B1 learner who knows the constituent meanings can readily infer the MWE's sense.
Etymology
Personal credit line comes from the image of a bank keeping a named line of money ready for you, like a rope with your name you can pull when you need cash because credit means the bank's trust and personal means it is for you. So, it means an agreement to 'borrow' up to a set 'limit' when you need money.