Sample sentences for LINE OF CREDIT

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Definition

a promise to make loans to a borrower without need of re-applying as long as the total loan amount does not exceed a pre-established amount

There were no student loan programs, no banks with lines of credit for schoolteachers out in the countryside.
Malcolm Gladwell -- Outliers

And in light of Luke's newly affluent circumstances, the bank would consider extending a line of credit for any improvements he wanted to make as well.
Nicholas Sparks -- The Longest Ride
She owes the grocery store up the block so much money, it cuts off her line of credit.
Sonia Nazario -- Enrique's Journey
I opened a line of credit sufficient to cover the babirusa and, Conseil at my heels, I jumped into a carriage.
Jules Verne -- Twenty Thousand Leagues Under the Sea
And then—checking into it—we found out that some party with access to your Social Security number had applied for, and received, a rather large line of credit in your name.
Donna Tartt -- The Goldfinch
Taking advantage of huge tax deductions that Japanese doctors could claim, he saved large sums, and as he returned money on his bank loans the bank kept raising his line of credit.
John Hersey -- Hiroshima
And he looked remade, retooled, shaved head and bushy mustache, a guy in firm control, with a workout coach and a nice line of credit, in a black turtleneck jersey and designer jeans.
Don DeLillo -- Underworld
It would tap out my slowly hoarded line of credit with the bar, but I found myself increasingly fond of Deoch and the thought of not standing my round with him was too galling to consider.
Patrick Rothfuss -- The Name of the Wind
Does he have a big fat mortgage hanging over his head, with twenty-seven years to go on the first and twenty-five on the home equity line of credit, which is set at prime plus one and constantly spiking?
Steve Lopez -- The Soloist
Mehlinger has kept up with his payments and repaired the store's standing with the bank enough to establish a line of credit that helps him buy whole New Zealand lambs by the truckload, to the tune of seventy thousand dollars per order.
Warren St. John -- Outcasts United
And the greater the amount, the more facile its release; witness the struggle of the man whose resources permit him to apply for no more than a $500 loan as compared with the relative ease another has with a line of credit of $500, 000.
Robert Ludlum -- The Bourne Supremacy
Pretty soon, four thousand hogs became our plan, and Mary Carson gave us a $300,000 line of credit.
Jane Smiley -- A Thousand Acres
"Okay, let's define it like this: Two months ago, was your company, KLD Biloxi Group, sued by the First Gulf Bank for the nonpayment of a $2 million line of credit?"
John Grisham -- Sycamore Row
Several paragraphs followed, all about rates of interest and lines of credit; and then finally about a very large loan secured the day before from the Mitsubishi Bank.
Arthur Golden -- Memoirs of a Geisha

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line of credit