Meaning of the word "credit line" in English

What does "credit line" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

credit line

US /ˈkrɛdɪt laɪn/
UK /ˈkrɛdɪt laɪn/

Noun

an amount of credit extended to a borrower

Example:
The bank approved a credit line of $50,000 for the business.
Having a good credit line can help you manage unexpected expenses.