Line of Credit (Revolving Line of Credit) is a loan with a maximum credit limit that allows the borrower(s) to disburse funds up to the maximum credit line as needed. Funds may be disbursed repeatedly as the principal balance is paid down up to the maximum credit limit available. A line of credit functions similar to a credit card and may be accessed by writing a check or a using a debit card.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). line of credit (revolving line of credit). Retrieved October 2, 2026, from http://smartdefine.org/line_of_credit_(revolving_line_of_credit)/definitions/1157274 |
| Chicago | Barry Goldsmith. 2010. "line of credit (revolving line of credit)" http://smartdefine.org/line_of_credit_(revolving_line_of_credit)/definitions/1157274 (accessed October 2, 2026). |
| Harvard | Barry Goldsmith 2010, line of credit (revolving line of credit), Smart Define, viewed 2 October, 2026, <http://smartdefine.org/line_of_credit_(revolving_line_of_credit)/definitions/1157274>. |
| MLA | Barry Goldsmith. "line of credit (revolving line of credit)" 21 October 2010. Web. 2 October 2026. <http://smartdefine.org/line_of_credit_(revolving_line_of_credit)/definitions/1157274> |