Credit Line

Business / Taxes / Credit Line: A credit line, or line of credit, is a revolving credit agreement that allows you to write checks or make cash withdrawals of amounts up to your credit limit. When you use the credit — sometimes called accessing the line — you owe interest on the amount you borrow. But when that amount has been repaid you can borrow it again. A home equity line of credit (HELOC) is secured by your home, but other credit lines, such as an overdraft arrangement linked to your checking account, are unsecured. In general, the interest rate on a secured credit line is less than the rate on an unsecured line.

Other Words for Credit

Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
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Other Words for Line

Line Adjective Synonyms: mark, pencil-mark, pen-mark, rule, score, stroke, underline, underscore, diagonal, slash, virgule, shilling-mark, solidus, separatrix, oblique
Line Noun Synonyms: wrinkle, crease, crinkle, furrow, crow's-foot
Line Verb Synonyms: interline, cover, face, ceil
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Home Equity Line Of Credit (HELOC)

Business / Taxes / Home Equity Line Of Credit (HELOC): Sometimes referred to as a HELOC, a home equity line of credit lets you borrow against the equity you’ve built in your home, usually by using a debit card or writing checks against your available ba MORE

Credit Limit

Business / Taxes / Credit Limit: A credit limit, also known as a credit line, is the maximum amount of money you can borrow under a revolving credit agreement. For instance, if you have a credit card with a credit limit of $3,000, an MORE

Revolving Credit

Business / Loan / Revolving Credit: It is the same thing as a 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. MORE

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