credit line
noun [ C ]
ukus(also line of credit) BANKING, FINANCE
an amount of money a person or company is allowed to borrow during a particular period of time from one or more financial organizations:
receive/secure a credit line The company announced it had received a four-year credit line, which will allow it to borrow up to $866m to avoid a possible bankruptcy.
agree/set up/negotiate a credit line
draw down/tap/use a credit line The company was forced to draw down its entire $11.5 billion credit line from a consortium of banks.
Compare
revolving line of credit