Line of Credit Definition

Below please find a definition of “Line of Credit”

Financial Analysis Training & Glossary TermsLine of Credit: Line of credit is a pre-established amount of credit that is extended to an individual or corporation by a financial institution for a specific period of time. Line of credit is often termed as credit line. For example, an individual is approved of a loan amount of $200,000 for purchasing a house that needs to be paid off with interest within a thirty year period.

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