单词 | line of credit |
释义 | line of creditDefinitions 1. Banking: Alternative term for overdraft. 2. Trading: Extent to which a seller will extend credit payment terms to a buyer. It is the total of the amounts of (a) unpaid invoices, (b) goods in transit, and (c) orders confirmed but yet to be shipped. Use 'line of credit' in a SentenceI forgot to account for the car repairs in my check account and the line of credit allowed me to buy my groceries. When Jake first started the company he was short on funds so he applied for a store credit card and got a line of credit which he used to buy the needed furniture; additionally they gave him a deal for no interest for 6 months so he didn't have to be in a hurry to pay it back. Wells Fargo granted our company a $25,000 start-up LINE OF CREDIT for our restaurant to get off the ground and start serving our customers in the fashion we aspire to serve them. |
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