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What is another word for line of credit?

16 synonyms found

Pronunciation:

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

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.

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Related questions:

  • What is a line of credit?

    Synonyms for Line of credit:

    How to use "Line of credit" in context?

    A line of credit is a financial instrument that gives a lender the opportunity to advance money to a borrower. A line of credit is usually unsecured and has variable interest rates that can change over time.

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