personal line of credit

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Definitions from WordNet

Noun personal line of credit has 1 sense

credit line, line of credit, bank line, line, personal credit line, personal line of credit - the maximum credit that a customer is allowed
--₁ is a kind of credit
--₁ has particulars: consumer credit

Definitions from the Web

Personal Line of Credit

Definition:

A personal line of credit is a pre-approved loan that allows individuals to borrow money as needed up to a certain limit. It is a flexible form of credit that can be used for various personal expenses.

Usage:

As a noun - "John applied for a personal line of credit to handle his unexpected medical expenses."
As a noun - "Many banks offer personal lines of credit for customers with a good credit history."

Senses:

Sense 1: A loan that can be used repeatedly, up to a specified credit limit.
Sense 2: An open-ended credit account that allows individuals to borrow money when needed.

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