### Question
How is the term line of credit defined?


### Answer
The term **line of credit** is defined in *42 U.S.C. § 292o* as the following:

> an arrangement or agreement between the lender and the borrower whereby a loan is paid out by the lender to the borrower in annual installments, or whereby the lender agrees to make, in addition to the initial loan, additional loans in subsequent years

#### Citation:
  - *42 U.S.C. § 292o*
  - Heading: **CHAPTER 6A-PUBLIC HEALTH SERVICE > SUBCHAPTER V-HEALTH PROFESSIONS EDUCATION > Part A-Student Loans > subpart i-insured health education assistance loans to graduate students**

