A limit to the amount of credit extended to an account. Purchaser can buy on credit up to that limit.
(from the article `business finance`) ...in principle from a loan obtained by an individual. The firm signs a conventional promissory note. Repayment is made in a lump sum at maturity or ...
An informal loan arrangement between a bank and a customer allowing the customer to borrow up to a prespecified amount.
An informal arrangement between a bank and a customer establishing a maximum loan balance that the bank will permit the borrower to maintain. 
The amount of money that a company may borrow from a bank.. 
An informal loan arrangement between a bank and a customer allowing the customer to borrow up to a pThe amount of short-term credit available to a business from banks.
Also called an 'open line of credit' secured on your home. Often there are no closing costs involved
Agreement by a bank that a company may borrow at any time up to an established limit.
A loan to a buyer to enable him to pay for a variety of imported goods on extended credit terms.
an agreement by a financial institution such as a bank to extend credit up to a certain amount for a certain time to a specified borrower.
(LOC) A line of credit (LOC) is the maximum amount that a customer has access to and can borrow from a bank on an ongoing basis. In other words, this is an open credit line that allows a customer to continually borrow funds from a bank up to a maximum amount.