bankline

Example:The company's credit limit with the bank was increased to $5 million.

Definition:The maximum amount that a bank will allow a customer to borrow or charge on a credit card, personal line of credit, or other form of credit.

Example:The business is seeking to expand its line of credit to cover short-term fluctuations in working capital.

Definition:A form of revolving credit extended by a lender to a business or individual, allowing the borrower to borrow up to a preset amount over a specified period of time.

Example:The bankline was exhausted, and the company was declared bankrupt.

Definition:Unable to pay off debts and so unable to avoid legal proceedings to discharge or reduce debts. Also refers to a business that has been declared bankrupt.