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A '''line of credit''' is a source of credit allotted to an individual, business, or government, by a financial institution, for a specific amount of money, and it can take such forms as [[overdraft]] protection, a personal loan, a credit card, or other [[revolving credit]]. The borrower is required to pay [[interest]] on the money borrowed, and may pay an unused line of credit fee and such lines of credit as a credit card may have an annual fee.
A '''line of credit''' is a source of credit allotted to an individual, business, or government, by a financial institution, for a specific amount of money, and it can take such forms as [[overdraft]] protection, a personal loan, a credit card, or other [[revolving credit]]. The borrower is required to pay [[interest]] on the money borrowed, and may pay an unused line of credit fee and such lines of credit as a credit card may have an annual fee.
[[category:Finance]]
[[Category:Finance]]