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Yes, your kids should go to school. No, you shouldn't bankroll their degree whatever the cost. You've spent your life creating a sound financial plan; don't upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.
Suze Orman

Meaning of "line of credit" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF LINE OF CREDIT

line of credit play
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GRAMMATICAL CATEGORY OF LINE OF CREDIT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Line of credit is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES LINE OF CREDIT MEAN IN ENGLISH?

Line of credit

A line of credit is any credit source extended to a government, business or individual by a bank or other financial institution. A line of credit may take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit card account, etc. It is effectively a source of funds that can readily be tapped at the borrower's discretion. Interest is paid only on money actually withdrawn. Lines of credit can be secured by collateral, or may be unsecured. Lines of credit are often extended by banks, financial institutions and other licensed consumer lenders to creditworthy customers to address liquidity problems; such a line of credit is often called a personal line of credit. The term is also used to mean the credit limit of a customer, that is, the maximum amount of credit a customer is allowed.

WORDS THAT BEGIN LIKE LINE OF CREDIT

line fishing
Line Islands
line judge
line management
line manager
line of attack
line of battle
line of communication
line of demarcation
line of descent
line of fire
line of flight
line of force
line of latitude
line of least resistance
line of longitude
line of scrimmage
line of sight
line of vision
line one´s pockets

WORDS THAT END LIKE LINE OF CREDIT

accredit
Bank Giro Credit
carbon credit
confirmed credit
confirmed letter of credit
consumer credit
credit
discredit
documentary letter of credit
edit
eurocredit
export credit
family credit
letter of credit
micro-credit
noncredit
on credit
overedit
revolving credit
Social Credit
tax credit

Synonyms and antonyms of line of credit in the English dictionary of synonyms

SYNONYMS

Translation of «line of credit» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF LINE OF CREDIT

Find out the translation of line of credit to 25 languages with our English multilingual translator.
The translations of line of credit from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «line of credit» in English.

Translator English - Chinese

信贷额度
1,325 millions of speakers

Translator English - Spanish

línea de crédito
570 millions of speakers

English

line of credit
510 millions of speakers

Translator English - Hindi

क्रेडिट की लाइन
380 millions of speakers
ar

Translator English - Arabic

خط ائتمان
280 millions of speakers

Translator English - Russian

кредитная линия
278 millions of speakers

Translator English - Portuguese

linha de crédito
270 millions of speakers

Translator English - Bengali

ক্রেডিট লাইন
260 millions of speakers

Translator English - French

ligne de crédit
220 millions of speakers

Translator English - Malay

Garis kredit
190 millions of speakers

Translator English - German

Kreditlinie
180 millions of speakers

Translator English - Japanese

信用枠
130 millions of speakers

Translator English - Korean

라인 오브 크레딧
85 millions of speakers

Translator English - Javanese

Baris kredit
85 millions of speakers
vi

Translator English - Vietnamese

hạn mức tín dụng
80 millions of speakers

Translator English - Tamil

கடன் வரி
75 millions of speakers

Translator English - Marathi

क्रेडिट ऑफ लाइन
75 millions of speakers

Translator English - Turkish

kredi sınırı
70 millions of speakers

Translator English - Italian

linea di credito
65 millions of speakers

Translator English - Polish

linii kredytowej
50 millions of speakers

Translator English - Ukrainian

кредитна лінія
40 millions of speakers

Translator English - Romanian

linie de credit
30 millions of speakers
el

Translator English - Greek

γραμμή πίστωσης
15 millions of speakers
af

Translator English - Afrikaans

lyn van krediet
14 millions of speakers
sv

Translator English - Swedish

kredit
10 millions of speakers
no

Translator English - Norwegian

linje av kreditt
5 millions of speakers

Trends of use of line of credit

TRENDS

TENDENCIES OF USE OF THE TERM «LINE OF CREDIT»

The term «line of credit» is quite widely used and occupies the 52.203 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
76
/100
The map shown above gives the frequency of use of the term «line of credit» in the different countries.
Principal search tendencies and common uses of line of credit
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «line of credit».

FREQUENCY OF USE OF THE TERM «LINE OF CREDIT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «line of credit» during the past 500 years. Its implementation is based on analysing how often the term «line of credit» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about line of credit

EXAMPLES

QUOTES WITH «LINE OF CREDIT»

Famous quotes and sentences with the word line of credit.
1
Suze Orman
Yes, your kids should go to school. No, you shouldn't bankroll their degree whatever the cost. You've spent your life creating a sound financial plan; don't upend it by suspending your retirement savings or taking out a home equity line of credit to pay for a pricey college.

10 ENGLISH BOOKS RELATING TO «LINE OF CREDIT»

Discover the use of line of credit in the following bibliographical selection. Books relating to line of credit and brief extracts from same to provide context of its use in English literature.
1
43 Ways to Finance Your Feature Film: A Comprehensive ...
A line of credit is a nonbinding commitment by a lender to lend up to a specific amount of money from time to time. Lines of credit usually do not exceed one year but may, at the bank's option, be renewed each year. Revolving credit loan.
John W. Cones, 2008
2
The Rational Guide to Building Small Business Credit
There is no such thing as a standard line of credit on a business credit card. Card issuers may set publicized limits on a line of credit, but this does not mean you automatically qualify for the full line when you obtain card authorization.
Barbara Weltman, 2007
3
Personal Financial Planning
revolving line of credit A type of open account credit offered by banks and other financial institu— tions that can be accessed by writing checks against demand deposit or spe— cially designated credit line accounts. overdraft protection line A  ...
Lawrence Gitman, Michael Joehnk, Randy Billingsley, 2013
4
The Code of Federal Regulations of the United States of America
statement as to the circumstances and conditions under which such debts or obligations were extinguished and the amount paid. See 11 CFR 116.7. (1) In addition, when a political committee obtains a loan from, or establishes a line of credit ...
‎1990
5
Finance 101: The Whiz Kid's Perfect Credit Guide:The Teen ...
Consumers can use the personal line of credit and attach it to their checking account for the purpose of avoiding overdraft fees. The line of credit will pay for the transactions for which the consumer does not have enough money. Consumers ...
Danny Singh, 2012
6
Financial Management and Analysis
Line of Credit A line of credit is an agreement wherein a bank will make available to a firm, a loan up to a specific limit—the “line”—if the firm requests these funds. The bank extends this line of credit for a specified period, typically one year.
Frank J. Fabozzi, Pamela P. Peterson, 2003
7
Financial Management of Health Care Organizations: An ...
Lines of Credit There are two types of lines of credit: a normal line of credit, and a revolving line of credit. A normal line ofcredit is an agreement established by the bank and the borrower that establishes the maximum amount of funds that can ...
William N. Zelman, Michael J. McCue, Alan R. Millikan, 2009
8
L.S.A., List of C.F.R. Sections Affected
through (d), it shall disclose in the report covering the period when the loan was obtained, the following information on schedule 0-1 or C—P—l: (i) The date and amount of the loan or line of credit; (ii) The interest rate and repayment schedule  ...
‎2003
9
Code of Federal Regulations, Title 11, Federal Elections, ...
Loans. including a loan of money derived from an advance on a candidates brokerage account, credit card. home equity line of credit. or other lines of credit described in 11 CFR 100.83, obtained by an individual prior to becoming a candidate ...
Office of the Federal Register (U S ), 2012
10
Getting a Business Loan: Financing Your Main Street Business
Although it's not exactly the same,this type of financial instrument is not that different from how trade was conducted in the early days of banking when Italian, Dutch,and English bankers offered a line of credit to international traders buying and ...
Ty Kiisel, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «LINE OF CREDIT»

Find out what the national and international press are talking about and how the term line of credit is used in the context of the following news items.
1
A&P Files Bankruptcy Again After Suppliers Threaten Cutoff …
A&P has two loans totaling $270 million, according to data compiled by Bloomberg. The loans, along with a $300 million revolving line of credit, ... «Bloomberg, Jul 15»
2
City Office Completes Extension and Expansion of Line of Credit
VANCOUVER, July 17, 2015 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company"), announced today that it has closed on an ... «PR Newswire, Jul 15»
3
Greenfield secures $1 million line of credit for RR
Greenfield City Manager Ron Coffey on Thursday signed the needed documents to secure a $1 million line of credit to cover railroad ... «Hillsboro Times Gazette, Jul 15»
4
JNS Power Increases Revolving Line of Credit
JNS will utilize this increased line of credit (when necessary) to bid on additional larger projects and or expansion of our EV system as ... «Benzinga, Jul 15»
5
Louvre Hotels Group signs €2.5b line of credit with Chinese bank …
Strengthened by the €2.5b line of credit granted by Chinese bank ICBC over a 3-year term, Louvre Hotels Group (LHG) controls a substantial ... «Hospitality Net, Jul 15»
6
European Finance Officials Agree 'in Principle' on New Greek Bailout
The European Central Bank, in Frankfurt, offered its support by expanding an emergency line of credit for Greece's banks by €900 million, ... «New York Times, Jul 15»
7
Nabors (NBR) Amends Terms & Capacity of Credit Facility - Analyst …
This line of credit is usually utilized by customers for operating activities, when needed, in exchange for a commitment fee. It is to be noted that ... «Nasdaq, Jul 15»
8
Egypt- PROPARCO, CORPLEASE sign line of credit worth $15m
(MENAFN - Daily News Egypt) Egyptian leasing company CORPLEASE has signed a line of credit worth 15m with PROPARCO, a subsidiary of ... «MENAFN.COM, Jul 15»
9
After Receiving $1 Billion Line of Credit From Iran, Assad Calls Nuke …
Syrian President Bashar al-Assad hailed the nuclear deal between Iran and the P5+1 nations, which will provide Iran with billions of dollars of ... «TheTower.org, Jul 15»
10
PROPARCO, CORPLEASE sign line of credit worth $15m
Egyptian leasing company CORPLEASE has signed a line of credit worth $15m with PROPARCO, a subsidiary of the French Development ... «Daily News Egypt, Jul 15»

REFERENCE
« EDUCALINGO. Line of credit [online]. Available <https://educalingo.com/en/dic-en/line-of-credit>. Apr 2024 ».
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