line of credit

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun finance, banking A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.
• noun finance, banking The maximum borrowable amount specified in such an agreement.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun the maximum credit that a customer is allowed