line of credit


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line of credit

n. pl. lines of credit

line of credit

n
(Banking & Finance) US and Canadian another name for credit line

cred′it line`


n.
1. a line of text acknowledging the source or origin of published or exhibited material.
2. the maximum amount of credit that a customer is authorized to use.
[1910–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
Additionally, NCB Senior Vice President Mindy Gorasfein originated more than $14 million in new loans during the month, including a $3 million first mortgage and a $500,000 line of credit for 321 Apartments Corp.
The afternoon before that night's broadcast, the bank contacted Sheftel and offered him a $15,000 line of credit.
When Murray first met with the bank, he did not have all of the receivables required, but Nails "really helped me to work the financial aspects of it to make the loan happen," says Murray, who initially had a line of credit for $500,000.
The YMCA plans to execute a $16 million capital line of credit with JP Morgan Chase.
8 million in loans during October, including a $3 million line of credit for a 71-unit co-op located at 176 Broadway in Manhattan; a $2.
They were willing to give us a chance to live up to our experience," recalls McBride, who eventually managed to get a $300,000 line of credit.
6 percent of homeowners had a home equity line of credit, while a nearly equal proportion, 5.
7 million first mortgage and a $500,000 line of credit for a 106-unit co-op located at 222-250 North Broadway in Yonkers, NY; a $1.
The line of credit is with North Fork Bank, VNB New York Corp.
8 million in loans during August, including a $3 million first mortgage and a $500,000 line of credit for a 124-unit co-op located at 69-40 Yellowstone Boulevard in Forest Hills, N.
The line of credit provides working capital, as needed, to fund continued growth," said Healthaxis CFO Ron Herbert.
7 million in loans during December, including the largest deal of the month, a $13 million first mortgage and a $1 million line of credit for a 622-unit co-op located at 11 Riverside Drive in Manhattan.