What is the meaning of Line of credit (with a bank)?

Line of credit (with a bank) is an informal arrangement between a bank and its customer specifying the maximum amount of credit the bank will permit the firm to owe at any one time.

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APABarry Goldsmith. (2010). Line of credit (with a bank). Retrieved September 27, 2026, from http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275
ChicagoBarry Goldsmith. 2010. "Line of credit (with a bank)" http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, Line of credit (with a bank), Smart Define, viewed 27 September, 2026, <http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275>.
MLABarry Goldsmith. "Line of credit (with a bank)" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275>