Credit Line

Pronunciation: /ˈkrɛdɪt laɪn/

Definitions of credit line

noun an arrangement allowing a customer to buy goods or services on credit

Example Sentences

A1 I applied for a credit line at the bank.

A2 She was approved for a small credit line to use for emergencies.

B1 Having a credit line can be helpful for managing unexpected expenses.

B2 The company increased my credit line after I demonstrated responsible spending.

C1 He used his credit line to invest in his business and expand operations.

C2 The bank offered me a high credit line due to my excellent credit score.

Examples of credit line in a Sentence

formal The company was approved for a $1 million credit line from the bank.

informal I just got my credit line increased to $10,000!

slang I maxed out my credit line buying all those new clothes.

figurative His creativity has no credit line; it's limitless.

Grammatical Forms of credit line

• plural: credit lines
• comparative: more credit line
• superlative: most credit line
• present tense: credit line
• future tense: will credit line
• perfect tense: have credited line
• continuous tense: is crediting line
• singular: credit line
• positive degree: credit line
• infinitive: to credit line
• gerund: crediting line
• participle: credited line

Origin and Evolution of credit line

First Known Use: 1601 year

Language of Origin: English

Story behind the word: The term 'credit line' originated from the banking and financial sector, where it refers to a predetermined amount of credit that a borrower can access from a financial institution.

Evolution of the word: Originally used in the context of banking and finance, the term 'credit line' has evolved to also encompass other areas such as retail, where it refers to a maximum amount of credit extended to a customer for purchases.