What is another word for line of credit?

Pronunciation: [lˈa͡ɪn ɒv kɹˈɛdɪt] (IPA)

A line of credit is a flexible borrowing arrangement where you can access funds on an as-needed basis up to a predetermined limit. Some synonyms for this financial term include credit line, revolving credit, and open-end credit. These phrases indicate that the borrower can continue to draw on the credit as long as they stay within the credit limit and meet the repayment obligations. Other similar phrases include an equity line, which is a type of line of credit that is secured against the equity in a property, and a business line of credit, which is a financial product designed to help small business owners manage cash flow and cover unexpected expenses.

Synonyms for Line of credit:

What are the hypernyms for Line of credit?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Line of credit

  • People who don't vote have no line of credit with people who are elected and thus pose no threat to those who act against our interests.
    Marian Wright Edelman

Related words: line of credit definition, line of credit interest rates, line of credit wiki, line of credit definition personal finance, line of credit meaning in finance, line of credit definition business, line of credit interest rates cash advance, line of credit bbb, what is a line of credit in business terms

Related questions:

  • What is a line of credit?
  • Word of the Day

    Pyrrolidonecarboxylic Acid
    Pyrrolidonecarboxylic acid, commonly known as PCA, is a chemical compound frequently utilized in various industries. However, it is beneficial to be aware of alternative names or s...