line of credit

• Eine Finanzvereinbarung, bei der ein Kreditgeber dem Kreditnehmer einen Höchstbetrag zur Verfügung stellt, der nach Bedarf in Anspruch genommen werden kann, wobei Zinsen in der Regel nur auf den tatsächlich genutzten Betrag anfallen.

A financial arrangement in which a lender agrees to provide a borrower with a maximum amount of funds that can be drawn upon as needed, with interest typically charged only on the amount actually used.

1. Financial arrangementB2formal

   A flexible loan arrangement from a financial institution that allows a borrower to draw funds up to a predetermined limit, repay them, and borrow again.

   Kreditlinie

   • The company secured a line of credit to manage its cash flow.
   • She used her line of credit to cover unexpected expenses.
   • The bank approved a $50,000 line of credit for the small business.