What is a line of credit?

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asked Nov 8, 2021 54.3k views

2 Answers

Kelly Bundy · Answer 1 · 2021-11-10T17:36:56+0000

A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds.

What is a line of credit?

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