personal credit line

Found in Anh - Anh (Wordnet)

Definition Noun A financial arrangement with a bank or lender that allows an individual to borrow money up to a pre-approved maximum limit. The borrower can access funds as needed, repay, and borrow again without applying for a new loan each time. It is a form of revolving credit. Usage This term refers specifically to the credit limit itself or the overall account facility granted to an indivi...