Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Line of Credit Line of Credit November 9, 2021 An agreement by a financial institution to extend credit up to a certain amount for a certain time to a specified borrower.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas