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View definitions for line of credit

line of credit

noun as in maximum credit for a customer

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

I have looked at home-equity investments, home-equity lines of credit, second mortgages, etc., all of which we don’t qualify for for one reason or another.

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The Southern California-based fraudsters can then max out lines of credit while unknowing victims live halfway across the world, he says.

Read more on Los Angeles Times

His business has had to take out an extra line of credit, raise prices and find ways to survive with lower profits.

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Many regional lenders’ businesses also tilt less toward loans like credit cards or lines of credit to big companies, which have floating interest rates that rise as rates do.

The interest payments on a cash-out refinancing are deductible if the money is used for home improvements, which is also the case for interest on a home-equity line of credit.

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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

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