What is another word for credit line?

121 synonyms found


[ kɹˈɛdɪt lˈa͡ɪn], [ kɹˈɛdɪt lˈa‍ɪn], [ k_ɹ_ˈɛ_d_ɪ_t l_ˈaɪ_n]

A credit line is a financial arrangement that grants a maximum borrowing limit to an individual or organization. Synonyms for credit line include a line of credit, revolving credit, credit facility, and credit account. A line of credit is a type of loan that allows borrowers to control how much they can borrow, when to borrow, and how much they have to payback. Revolving credit is a type of credit that allows borrowing money repeatedly up to a certain limit. A credit facility is a type of lending agreement that provides businesses with flexible funding streams on an as-needed basis. A credit account is an account that provides customers with the ability to purchase goods or services on credit, with the terms of repayment being determined by the credit provider.

Related words: credit line definition, what is a credit line, why do you need a credit line, how to apply for a credit line, how to get a credit line, what is a credit line limit, how to improve your credit score and get a higher credit line

Related questions:

  • What is a credit line for business purposes?
  • What is a credit card?

    Synonyms for Credit line:

    How to use "Credit line" in context?

    It's actually quite simple to get a credit line. You simply have to have a good credit history and meet certain requirements. The good news is that you can improve your credit history quite easily with responsible spending and by keeping your debt levels low. Here are some things to keep in mind if you're Considering getting a credit line:

    1. Don't use your credit line to finance high-risk investments.

    2. Don't use your credit line to purchase high-cost items.

    3. Pay your bills on time.

    4. Use your credit line only for essential expenses.

    Homophones for Credit line:

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