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credit line |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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Most businesses maintain an operating credit line on an ongoing basis, and may also hold a term loan at any given time for a specific purpose such as the purchase of a new piece of capital equipment. has closed a $400 million revolving credit line to be provided by a 14-bank syndicate led by Bank of America. The new line of credit is made up of a $25 million reducing revolver line, an uncommitted $15 million increase to the reducing revolver and a $10 million revolving credit line. |
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