Line of Credit
An amount of money, which a business can borrow against at times it needs capital. Often accessed by check, ATM, or business card.The designated credit limited extended by a creditor to a consumer.A line of credit is a type of credit in which a bank undertakes to provide credit to a client during a predefined period. The client may either withdraw the credit amount all at once, or make a certain number of withdrawals during the specified period.