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aivan3 [116]
3 years ago
13

What is a credit limit?

Business
2 answers:
Sati [7]3 years ago
7 0
A credit limit<span> is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline).</span>
tigry1 [53]3 years ago
5 0
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line ofcredit.
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