bank line

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Word: Bank Line

Part of Speech: Noun

Definition: A "bank line" refers to the maximum amount of credit that a bank allows a customer to borrow or use. This is often related to a line of credit, which is a flexible loan option that lets you borrow money up to a certain limit.

Usage Instructions:

1. Everyday Context: You may use "bank line" when discussing loans, credit limits, or financial planning.
2. Formal Context: It is often used in banking, finance, and business discussions.

Example Sentence:

• "I applied for a bank line to help manage my expenses during the holiday season."

Advanced Usage:

In finance, a bank line can also refer to a revolving line of credit, which means you can borrow money, pay it back, and then borrow again, up to the credit limit.

Word Variants:

• Banking Term: "Line of credit" is often used interchangeably with "bank line."
• Related Terms: "Credit limit," "overdraft protection."

Different Meaning:

While "bank line" primarily refers to credit, in other contexts, "line" can refer to a queue (like waiting in line) or a connection (like a telephone line).

Synonyms:

• Credit limit
• Line of credit
• Loan limit

Idioms and Phrasal Verbs:

• "Draw on a line of credit": This means to take money from your bank line when you need it.
• "Go over your limit": This means to borrow more money than your allowed bank line.

Example in Advanced Context:

• "The company secured a bank line to ensure they could manage cash flow during the slow season."

In Summary:

The term "bank line" is an important concept in finance that indicates the maximum credit available to a customer.

Academic

Noun

1. the maximum credit that a customer is allowed

Synonyms

• credit line
• line of credit
• line
• personal credit line
• personal line of credit