| 单词 | line of credit |
| 释义 | line of creditWord forms: lines of credit countable noun A line of credit is the same as a credit line. [mainly US]line of credit in British Englishnoun US and Canadian another name for credit line line of credit in American English1. a declaration by a bank that it will extend credit to a borrower up to a specified maximum amount 2. the maximum amount so specified line of credit in Finance (laɪn əv krɛdɪt) Word forms: (plural) lines of credit noun (Finance: Banking, Credit) A line of credit is a loan with a fixed maximum amount that a borrower may borrow without a fixed length of time or fixed payments. Once a business becomes established, and builds a high credit rating, it is oftencheaper to draw on a commercial paper than on a bank line of credit. Some lenders will let you skip a month on your mortgage payment or make an interest-onlypayment on your home line of credit. A line of credit is a loan with a fixed maximum amount that a borrower may borrow without a fixedlength of time or fixed payments. Examples of 'line of credit' in a sentence |
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