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line of credit
(redirected from Locs)

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
line of credit
n. pl. lines of credit

line of credit
n
(Economics, Accounting & Finance / Banking & Finance) US and Canadian another name for credit line
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.line of credit - the maximum credit that a customer is allowed
consumer credit - a line of credit extended for personal or household use
credit - money available for a client to borrow


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LOCS messages are categorized as to their importance: * LOCS Alert: Conveys the highest level of importance and warrants immediate action or attention.
LOCS HAVE received a letter correcting a misunderstanding that the Central LOC Fund will be financed from the agreed statutory levy to fund the new Central Support Unit (CSU) for local optical committees.
These rating actions are in connection with: (i) the substitution of the irrevocable, direct-pay letters of credit (LOCs), previously provided by Dexia Credit Local (rated 'A+/F1+'), acting through its New York branch, with the substitute LOCs described below; and (2) the mandatory tender of the bonds, which occurred on Nov.
 
 
 
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