Personal Credit Line (Noun)
Meaning
The maximum credit that a customer is allowed.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank approved a personal credit line of $10,000 for the small business owner to cover unexpected expenses.
- The credit card company increased her personal credit line to $5,000 after she made several on-time payments.
- To qualify for a higher personal credit line, the lender required the borrower to provide additional financial documentation.
- The retailer offered a personal credit line to its loyal customers, allowing them to make purchases and pay later.
- The borrower's personal credit line was reduced to $2,000 after she missed several payments on her loan.