Economy, asked by Avanidave3118, 1 year ago

Difference between credit line and credit limit

Answers

Answered by Kshitijxingh
2
• credit line :- this is a pool of money available for borrowing. Also known as a line of credit these loans have a maximum limit and borrowers have the option of borrowing any amount up to that limit.

• credit limit :- this is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit .

may it helps uu.._
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