Русско-англо-русский юридический словарь

line of credit. A credit arrangement in which a financial institution agrees to lend money to a customer up to a specified limit. A line of credit, generally arranged before the funds are actually required, provides flexibility for the customer in that it ensures the ability to meet short-term cash needs as they arise. Also called bank line, credit line, revolver, revolving credit agreement. (Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott)

Line Of Credit - LOC. An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain. The borrower can draw down on the line of credit at any time, as long as he or she does not exceed the maximum set in the agreement. (Investopedia)

The two suspects were carrying fake bond certificates with a face value of some four trillion dollars, and were allegedly hoping to open a line of credit at the Vatican bank. (BBC News)

A revolving line of credit (RLC) is a flexible method of borrowing cash for your small business. It is very similar to a credit card in the sense that an RLC has an established credit limit that you can borrow up to, only without a plastic card. (sba.gov)