LINE OF CREDIT
line of credit.The maximum amount of borrowing power extended to a borrower by a given lender, to be drawn upon by the borrower as needed. — Also termed credit line.
[Blacks Law 8th]
line of credit.The maximum amount of borrowing power extended to a borrower by a given lender, to be drawn upon by the borrower as needed. — Also termed credit line.
[Blacks Law 8th]