Line of Credit A "line of credit" is a pre-established loan agreement between a bank or financial institution and a customer, allowing the customer to "draw down" or borrow under the line of credit at the customer's discretion.   Top Searched Terms Adjustable-Rate Mortgage Bond Yield Durable Power of Attorney for Healthcare EBITDA ETF FICO Score   Foreclosure Jumbo CD Like-Kind Property Mutual Fund P/E Ratio Probate                            Browse Glossary : A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z   All Top Finance Articles What Is a Joint Tenancy with Right of Survivorship (JTWROS)? How to Set up a Budget Are Occasional Drivers Covered On Your Insurance Policy? Part-Time Work after Retirement Will Closing an Old Credit Card Account Hurt My Credit Score? All Personal Finance Articles

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