line of credit

• Acuerdo financiero por el cual un prestamista permite al prestatario disponer de una cantidad máxima de dinero según lo necesite, pagando intereses generalmente solo sobre la cantidad realmente utilizada.

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.

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   • 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.