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.

4
 
|15 years ago|440 views|share |citing 
APABarry Goldsmith. (2010). line of credit (with a bank). Retrieved October 1, 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 October 1, 2026).
HarvardBarry Goldsmith 2010, line of credit (with a bank), Smart Define, viewed 1 October, 2026, <http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275>.
MLABarry Goldsmith. "line of credit (with a bank)" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/line_of_credit_(with_a_bank)/definitions/1157275>