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a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due (line of credit); flexible; forms: credit card/ loan

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1. a preapproved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due (line of credit); flexible; forms: credit card/ loan





 
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