- line of credit
- Date: 1917 the maximum credit allowed a buyer or borrower; also an agreement providing credit up to a certain amount
New Collegiate Dictionary. 2001.
line of credit
Look at other dictionaries:
line of credit — line of credit: an agreement specifying the maximum amount of credit allowed a borrower Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. line of credit … Law dictionary
line of credit — n. 1. a declaration by a bank that it will extend credit to a borrower up to a specified maximum amount 2. the maximum amount so specified * * * … Universalium
line of credit — n. 1. a declaration by a bank that it will extend credit to a borrower up to a specified maximum amount 2. the maximum amount so specified … English World dictionary
Line of credit — Finance Financial markets Bond market … Wikipedia
line of credit — noun the maximum credit that a customer is allowed • Syn: ↑credit line, ↑bank line, ↑line, ↑personal credit line, ↑personal line of credit • Hypernyms: ↑credit • Hyponyms: ↑ … Useful english dictionary
line of credit — A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used. (1) A type of loan that permits a … Financial and business terms
Line of credit — An informal arrangement between a bank and a customer establishing a maximum loan balance that the bank will permit the borrower to maintain. The New York Times Financial Glossary * * * line of credit ˌline of ˈcredit noun lines of credit… … Financial and business terms
line of credit — /ˌlaɪn əv kredɪt/ noun 1. the amount of money made available to a customer by a bank as an overdraft ♦ to open a line of credit or a credit line to make credit available to someone 2. the borrowing limit on a credit card … Dictionary of banking and finance
line of credit — line′ of cred′it n. bus credit line 2) • Etymology: 1955–60 … From formal English to slang
Line Of Credit - LOC — An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain. The borrower can draw down on the line of credit at any time, as long as he … Investment dictionary
line of credit — noun a) A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during… … Wiktionary
