Line of Credit

The term “line of credit” denotes the total amount of money which can be accessed using a specific loan or the total value of goods and services which can be obtained from a services provider on credit. This term is most commonly used in reference to revolving credit. The highest amount which can be borrowed is the “credit limit”.

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Expert Benjamin Manz
Benjamin Manz is CEO of moneyland.ch and an independent expert on banking and finance.

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