line of credit

• Accord financier par lequel un prêteur s'engage à mettre à la disposition d'un emprunteur un montant maximal de fonds, utilisable en fonction des besoins, les intérêts n'étant généralement dus que sur les sommes effectivement utilisées.

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.

   ligne de crédit

   • 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.